Conventional theory leads to expect bonds to be a financing vehicle for large firms because of economies of scale and contracting costs. In this paper we present the results for Argentina of a survey of firms and of investors on the use of corporate bonds. The result of these surveys supports...

The relationship between lifestyle choices and health has been widely studied in the epidemiological and economic literature. In the last years, empirical research was directed towards the use of recursive systems with structural equations for a health production function and reduced form...

El presente trabajo tiene por objeto demostrar la existencia de la Tasa de Depreciación del Capital Humano en Argentina, haciendo uso de un modelo sencillo que permita incorporar la obsolescencia de sus dos principales fuentes de acumulación, escolaridad y experiencia. Usando los datos...

Loan and bond finance during 1985-2005 can be divided into three sub-periods. After the 1982 debt crisis, which mainly involved domestic and foreign bank loans to both the corporate and government sectors, there was practically no credit. This situation of lack of credit persisted until the...

In this paper we do a couple of things: discussing a way to measure the welfare cost of country risk, and measuring it for Argentina in the period 1875-2006. There are two conclusions: a) the welfare cost of Argentine risk has been huge: for example, in the period 1976-2006 it was around 20% of...

Cualquier ocasión constituye un excelente pretexto para volver a analizar una vez más qué ocurrió en la economía argentina durante los 50 últimos años2. Pero desde una perspectiva específica. No se trata de una descripción cronológica (que el lector puede consultar en de Pablo, 2005),...