There is a growing debate in the emerging market on the choice of an appropriate monetary or exchange rate policy that could lead to a sustainable economic growth. Inflation targeting has become one of these policy alternatives and has recently been implemented in some of the emerging markets in...

Este documento muestra cómo se puede utilizar la información obtenida de bases de datos a nivel individual y de encuestas, junto con indicadores macroeconómicos, para mejorar la comprensión de los obstáculos a la inversión a los que las empresas de la UE se enfrentan. Para ello, utilizamos...

Artículo de revista ; The latest SAFE results show that the activity of Spanish SMEs continued to grow in the period from October 2021 to March 2022, albeit at a slower pace than six months earlier. The rise in costs prompted a deterioration in profits for most of these firms. Access to...

Rationale: In recent years the Spanish business sector has experienced unprecedented shocks: the onset of the pandemic, supply chain bottlenecks and escalating commodity prices. In this setting, it is important to assess the sector’s economic and financial situation. Takeaways •Between April...

Understanding the effects of off-balance sheet transactions on interest and exchange rate exposures has become more important for emerging market countries that are experiencing remarkable growth in derivatives markets. Using firm level data, we report a significant fall in exposure over the...

This thesis explores the role of emerging markets in investment portfolios. Could an investment portfolio consisting of emerging market securities have outperformed similar portfolios that did not contain emerging markets over recent years? Gathering data from January 1, 2009 to December 31,...

This paper examines the probability of domestic and international venture capital playinga critical role in the rapid development of IT and Communications technologies inemerging nations. First we examine the venture capital point of view highlighting whattoday's venture capitalists require from...

Emerging markets as represented by BRIC (Brazil, Russia, India and China) countries signify an enormous growth opportunity and a "must win" market for MNCs (multinational companies). It is estimated that by 2013, the middle class in BRIC countries will be larger than the population of Western...

This Masters Thesis is a synthesis of two papers that address how changes in globalindustrial structures affect regional-specific industrial organization. The first paper is acharacterization of the response of Indonesian manufacturing firms to the Asianfinancial crisis in 1997. The second paper...

It is already well known that U.S. investors can achieve higher gains by investing directly in emergingmarkets (De Santis, 1997). Given the opportunity to invest directly in the shares of stocks in the developed(DCs) and emerging (EM) markets, it is interesting to know whether the U.S. investors...