Recent trends of globalization and financial market internationalization have exposed the vulnerability of many emerging financial markets to external shocks and spillover effects from regional crisis. It is believed that similar spillover effects were the root cause of the 1997 financial crisis...

C2_3

Since 2000 a number of factors impacted agricultural markets drastically. Among these are structuralchanges in global demand and repeated supply constraints that supported the observed positive development ofagricultural prices. Given the increasingly interdependent global markets, the question...

En este estudio, proponemos un nuevo tipo de distribución semi-noparamétrica (SNP) para describir la densidad de los rendimientos de las carteras de activos. Esta distribución, denominada «expansión de momentos multivariante» (MME), admite cualquier distribución (multivariante)...

The 2006 spike in corn-based ethanol demand has contributed to the increase in basis volatility in corn and soybean markets across the United States, which has, to a significant degree, led to the observed large jumps in the prices of the two commodities. Despite the overall rise in basis...