This paper, first, reviews briefly the literature on the term structure of interest rates, citing some of the most important studies done on the topic for the Mexican case in the last years. In addition, the development of the government debt market is described. Second, evidence against the...

In this paper we study the possible effect it may have concerning the use of financial derivatives in the evolution of the share price of Mexican non-financial corporations, whether such contracts are used for hedging financial risks or for trading. The first part is a review of the literature...

In this paper we study the possible effect it may have concerning the use of financial derivatives in the evolution of the share price of Mexican non-financial corporations, whether such contracts are used for hedging financial risks or for trading. The first part is a review of the literature...

Spanish Abstract: Se realiza una introducción formal a los modelos de valoración de dos estados, es decir, modelos de valoración de activos contingentes en los cuales se asume que el subyacente puede presentar solamente dos precios distintos entre periodos consecutivos. Este tipo de modelos...

English Abstract: This study investigates the informational role of thin options markets, specifically the Spanish options market. Firstly, we examine the effect of options markets by analysing stock market reaction to earnings news, conditional on the availability of options markets. Secondly,...

Spanish Abstract: En esta monografía se muestra cómo valorar los principales instrumentos de financiación ajena de la empresa que poseen opciones implícitas: warrants, bonos rescatables con anticipación y bonos convertibles

Spanish Abstract: En esta monografía se muestra cómo las acciones de una empresa pueden contemplarse y valorarse como si fueran una opción sobre el activo de la misma. Se muestra cómo implementar el modelo en la práctica. También se muestra cómo calcular el tipo de interés adecuado a la...

In this paper we study the possible effect it may have concerning the use of financial derivatives in the evolution of the share price of Mexican non-financial corporations, whether such contracts are used for hedging financial risks or for trading. The first part is a review of the literature...