Este artículo analiza cualitativa y cuantitativamente el desarrollo de las tomas de control corporativo con posterioridad a la promulgación de la Ley de OPAS y Gobiernos Corporativos, promulgada en el año 2000, siendo uno de sus objetivos el establecer los efectos que dicha ley tuvo sobre el...

Esta Nota Técnica sintetiza los elementos esenciales de la práctica de la supervisión basada en riesgos aplicada por los reguladores financieros. El enfoque busca reconocer los riesgos que inciden sobre un potencial incumplimiento de la regulación financiera. De acuerdo a la capacidad de las...

This paper characterizes the secondary debt market in Chile. It asses the efficiency of the Chilean debt market in terms of transparency, liquidity, safety, cost efficiency and integrity. A special emphasis is made on the Chilean government debt market in Chile, which is dominated by banks and...

This article intends to serve as a practical tool for the design of a regulatory framework in a context of conflicts of interest in the activities capital markets institutions. In the first part of this article those situations of conflicts of interest are identified, described and classified....

Este documento de trabajo analiza la estructura competitiva de la industria de fondos mutuos en Chile en base a un modelo modificado del tipo estructura – conducta – desempeño, en donde se toma en consideración las barreras de entrada, existencia de sustitutos, diferenciación del...

This article intends to serve as a practical tool for the design of a regulatory framework in a context of conflicts of interest in the activities capital markets institutions. In the first part of this article those situations of conflicts of interest are identified, described and classified....

There is very little evidence on the effects of the minimum wage on prices in the international literature and none whatsoever for developing countries. This paper analyzes the effects of the minimum wage on prices using monthly Brazilian household and price data from 1982 to 2000 aggregated at...

A key area of focus in the economic reform process and the design of a favorable business environment is labor market legislation. Montenegro has obviously failed in this area. After nearly 13 years since the beginning of the transition process, or five years since the beginning of Economic...

In many countries the shadow employment has a very high priority among policymakers. A new time series for this component of the labour market has been recently released by the Italian institute of statistics. Taken together they give the motivation and the occasion for a fresh analysis of the...

Using an econometric procedure that corrects for both self-selection of individuals into their preferred compensation scheme and wage endogeneity, this study investigates whether significant differences exist in the job satisfaction of individuals receiving performance- related pay (PRP)...