The aim of this paper is to provide a comparative analysis of out-of-court alternatives in Latin America. It focuses on the importance of these alternatives to restore financial viability to troubled companies in a scenario of recurrent regional instability. The importance of out-of-court...

This paper studies the role of global and regional variations in economic activity and policy in developed world in driving portfolio capital flows (PCF) to emerging markets (EMs) in a Factor Augmented Vector Autoregressive (FAVAR) framework. Results suggest that PCFs to EMs depend mainly on...

"This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the second half of the 20th century. We estimate a latent variable VAR to examine how macroeconomic and policy shocks affect the condition of the stock market. Further, we examine the...