El trabajo trata de analizar la relación que existe entre los descensos en los tipos de interés que se han experimentado en España a lo largo de la última década y el estrechamiento en la relación entre el margen financiero y los activos totales medios registrado en las entidades...

The Spanish electricity intraday market presents a particular design that makes it unique in Europe. The study is carried out on an hourly basis in order to identify hourly patterns in prices and traded quantities by session. The study evidences an overall growing interest from market...

Resumen:La construcción de modelos que contribuyan a la explicación del comportamiento de la demanda de dinero son aportes importantes para el análisis económico, ya que ellos pueden explicar el comportamiento de la tasa de inflación así como también de la tasa de interés, variables...

The increasing number of people with some disabilities in our country has motivated a growing interest in the study of their situation from an economic and social point of view. The objective of this paper is to analyze the socio-economic characteristics of people with disabilities paying...

Credit ratings have a major impact on a country’s cost for external fi nancing. These ratings may become a great support or an obstacle in the path of emerging economies to international capital markets. Using panel data modelling, we develop a measure of sovereign risk that is highly...

This paper integrates a previously missing wealth-effect component in the openness-finance debate. From a panel of 29 low and middle income African countries with data spanning from 1987 to 2008, we provide evidence that openness (trade and financial) triggers less bank efficiency in low income...

We propose a generalization of the linear quantile regression model to accommodate possibilities afforded by panel data. Specifically, we extend the correlated random coefficients representation of linear quantile regression (e.g., Koenker, 2005; Section 2.6). We show that panel data allows the...

The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or inequality and growth, reports widely divergent (parametric and non-parametric) empirical findings. We explain why lack of identification lies at the root of these differences. To...