The standard vector error correction (VEC) model assumes the iid normal distribution of disturbance term in the model. This paper extends this assumption to include GARCH process. We call this model as VEC-GARCH model. However as the number of parameters in a VEC-GARCH model is large, the...

This paper analyzes similarities and differences between the Argentine crisis and the current crisis in developed countries, with its epicenter in the United States. Most economists of the North relate the current collapse to that of the 1930s. However, I argue here that the crises undergone by...

The swine flu has come to India also. What measures have been taken by the government to fight against the pandemic?

We bootstrapped spot rates for Argentinean and U.S. federal government debt instruments, and fitted them with smoothing cubic splines, a non-parametric method, to estimate the term structure of interest rates. When estimating the term structure one must decide how close should the data be...