This essay aim to set new hypothesis for Latin American’s development problem; the analysis is focused from “the encounter of two worlds” to the present. The general and main hypothesis is a sort of “clutched” between the “Pre-Columbian System” and the “European System” and...

Naked short selling and purposeful fails-to-deliver have been identified in the popular press and by the SEC as contributing factors to the stock market decline in 2008. We investigate the market impact of the announcement that fails-to-deliver have occurred for a sample of real estate...

In September 2008, during one of the most intense periods of the financial crisis, the Financial Services Authority (FSA) decided to ban short-selling in financial stocks during four months in the U.K. market. The aim of the ban was to guard against instability and calm the market. This paper...