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This article describes the integration process of the Nord Pool's electrical market, in addition to establishing some reflections on this experience, which could be important for regions that are undergoing the same process, as is the case of the Andean Community Nations -CAN-. Initially, this...
Persistent link: https://www.econbiz.de/10005464619
This paper aims to review the literature on event studies. It highlights the importance of the methodology used for estimating long-run abnormal returns, as event studies are sensitive to the returns generating process in this time horizon (Savickas, 2003, and Aktas et al., 2007). We find that...
Persistent link: https://www.econbiz.de/10005009868
In the present work the author analyses the main exchange rate measures implemented in the country between 1990 and 1994 as well as their relation with the evolution of the Real Exchange Rate (RER). To determine the RER an IS-LM model is used which shows the government actions as factors...
Persistent link: https://www.econbiz.de/10004988217