Showing 1 - 10 of 862
Persistent link: https://www.econbiz.de/10002110528
This article reviews the causes of the crisis, explores the nature of financial intermediation, presents a set of reforms to overcome the deficiencies of the regulatory structure and examines the role of monetary policy in the current crisis. It concludes that it is essential to increase...
Persistent link: https://www.econbiz.de/10008539916
We estimate the Okun Law for Andalusia and Spain using quarterly data for the period 1984-2000. We take a VAR approach that allows us to unveil the different dynamic behaviour of the relationship between the output gap and the unemployment gap in the two regions, as well as the asymmetric nature...
Persistent link: https://www.econbiz.de/10005121292
Persistent link: https://www.econbiz.de/10009541525
During the last years, Mexico has registered relatively large output falls. The business cycle accounting method of Chari, Kehoe and McGrattan (2007) is applied to the two most recent recessions in Mexico (including the “Tequila crisis”) in order to understand what are the most important...
Persistent link: https://www.econbiz.de/10003748709
Persistent link: https://www.econbiz.de/10013040663
La existencia de memoria de largo plazo en las series financieras implica que los retornos de un activo hoy pueden tener incidencia sobre los retornos futuros, incluso más allá del corto plazo. En presencia de dicha memoria el horizonte de inversión elegido puede resultar en diferentes...
Persistent link: https://www.econbiz.de/10009321791
La existencia de memoria de largo plazo en las series financieras implica que los retornos de un activo hoy pueden tener incidencia sobre los retornos futuros, incluso más allá del corto plazo. En presencia de dicha memoria el horizonte de inversión elegido puede resultar en diferentes...
Persistent link: https://www.econbiz.de/10009325836
El artículo analiza el papel de la tipología del inversor (individual-institucional) en la dinámica del volumen de los activos negociados en el mercado de valores español. A diferencia de la evidencia obtenida para las empresas americanas, los resultados no muestran que dicha división...
Persistent link: https://www.econbiz.de/10008514949
In this paper we examine the value of analysts’ stock recommendations in the Spanish capital market in the period 1994-2003, using data from JCF Quant. In every month of the sample period the assets have been classified into five portfolios first attending its consensus recommendations level...
Persistent link: https://www.econbiz.de/10005812840