I study the pricing of American Depositary Receipts around FOMC meetings to identify the impact of US monetary policy on managed exchange rates. ADR investors assess the domestic central bank’s reluctance to maintain a currency peg regime if the costs of mimicking policy rate increases in the...

This paper evaluates the efficiency of the telecommunications sector in Latin America. The great dynamism acquired by this sector has been due to external factors of change such as privatization processes that took place mainly during the nineties, technological changes, market liberalization...