Spanish Abstract: La estimación de la relación rentabilidad-riesgo a nivel internacional exige fuertes supuestos. Uno de ellos es el de la perfecta integración. En este artículo se intenta validar si este se cumple para los países emergentes y desarrollados; y se propone un modelo...

Spanish Abstract: La estimación de la relación rentabilidad-riesgo a nivel internacional exige fuertes supuestos. Uno de ellos es el de la perfecta integración. En este artículo se intenta validar si este se cumple para los países emergentes y desarrollados; y se propone un modelo...

The exchange markets and the exchange rates of Asia and Latin America are studied econometrically. Endogenous structural change and cointegration analyzes and impulse-response functions are used. The findings indicate that: 1) the long-term timing of the exchange markets is low; 2) there is no...

The exchange markets and the exchange rates of Asia and Latin America are studied econometrically. Endogenous structural change and cointegration analyzes and impulse-response functions are used. The findings indicate that: 1) the long-term timing of the exchange markets is low; 2) there is no...

Accounting and Financial methods are useful techniques for business, but their objective study should be inserted in the wider scope of Social Science. Historical issues determine policies and these ones, themselves, configure taxes and other environmental variables. Taxes, interest rates and...

The aim of this paper is to evaluate the efficiency, using data envelopment analysis, in eurobond issues fixed rate in the period 2004-2012, assessing the impact of the financial crisis in that market. Following the development of a database consisting of 1,999 Eurobonds, the results show that...

A tool that has been widely used to identify the state of financial conditions in a country are the financial conditions indexes, since they synthesize information from different variables in a single indicator allowing to identify the general behavior of financial conditions in a timely and...

In this paper, we explore the impact of the COVID-19 pandemic on the credit risk of large European companies. We selected corporations belonged to the EuroStoxx 50 Index and whose CDS (Credit Default Swap) may be found in the iTraxx Europe Index. Then we applied the methodology of event studies...

This paper tests the existence of financial contagion between US and Latin America stock markets based on the analysis of pattern of the correlation coefficients during crisis and stable periods. The study applies a dynamic conditional correlation multivariate GARCH model to estimate...