Ambient levels of viable bioaerosol were measured at four different sites on the campus of Jawaharlal Nehru University (JNU), New Delhi, India. Most of the viable bioaerosol was associated with the fungal fraction with the remainder due to bacteria. The highest concentrations of fungi were found...

Distance-to-default (DtD) from the Merton model has been used in the credit risk literature, most successfully as an input into reduced form models for forecasting default. In this paper, we suggest that the change in the DtD is informative for predicting change in the credit rating. This is...

This paper examines the relationship between fiscal variables and economic activity in Ecuador. We use a macro-level dataset covering twelve years of full dollarization to explore the link between government spending, oil revenues, non-oil tax revenues and the economic activity index. The...

We empirically investigate the determinants of EMU sovereign bond yield spreads with respect to the German bund. Using panel data techniques, we examine the role of a wide set of potential drivers. To our knowledge, this paper presents one of the most exhaustive compilations of the variables...

This paper presents empirical evidence on the interrelationship that exists between the evolution of the Emerging Markets Bonds Index (EMBI) and some macroeconomic variables in seven Latin American countries; two of them (Ecuador and Panama), full dollarized. We make use of a Cointegrated Vector...

El objetivo de este trabajo es el análisis del impacto de la unión monetaria en las oportunidades de diversificación del riesgo de las carteras de deuda pública en la zona euro. Para ello, se examina la existencia de tendencias comunes en la evolución de la rentabilidad a diez años de los...

Based on contingent claims analysis(CCA), this paper tries to estimate the systemic risk build-up in the European Economic and Monetary Union (EMU) countries using a market based measure "distance-to-default"(DtD). It analyzes the individual and aggregated series for a comprehensive set of banks...

We empirically investigate whether the transmission of the recent crisis in euro area sovereign debt markets was due to fundamentals-based or pure contagion. To do so, we examine the behaviour of EMU sovereign bond yield spreads with respect to the German bund for a sample of both central and...

Based on contingent claims analysis (CCA), this paper tries to estimate the systemic risk build-up in the European Economic and Monetary Union (EMU) countries using a market based measure \distance-to-default" (DtD). It analyzes the individual and aggregated series for a comprehensive set of...

La perspectiva que proporcionan los más de tres años transcurridos desde el inicio de la crisis de la deuda en la zona euro permite afirmar que el origen de la misma va mucho más allá de los desequilibrios fiscales en los países de la eurozona. La interconexión entre deuda privada y deuda...