The actions proposed here focus on trade integration, substantially increasing exports of the poorest countries and helping them to meet the Millennium Development Goals. As the foundation for these ambitions, we emphasize the role of a secure, open global trading environment—strengthened...

Purpose – The purpose of this paper is to study the importance of business time, and market opening/closing times and days, for American option pricing. Design/methodology/approach – A Bermudan pricing approach is employed whereby the option can be exercised only during the times and days...

Resumen:¿Cómo medir la liquidez de las acciones colombianas y su evolución en los últimos años?. En el contexto de la literatura de microestructura de mercados se presenta un método para medir la liquidez de las acciones. Además, con un modelo estadístico, se encuentra que la fusión de...

Purpose – The purpose of this paper is to study the importance of business time, and market opening/closing times and days, for American option pricing. Design/methodology/approach – A Bermudan pricing approach is employed whereby the option can be exercised only during the times and days...