Within the framework of Assets Liability Management, we understand that immunization is the main method to assure a certain yield in a future date departing from an initial portfolio. Although the objective of passive strategies is to design a portfolio that will achieve the performance of a...

The aim of this paper is to improve one of the limitations of the fuzzy models of business failure. In this sense an application to a group of small and medium -sized enterprises (SMEs) from the construction sector is introduced in a given time horizon to test the diagnosis model capacity to...

The purpose of this paper is to examine the relationship between the financial development and economic growth in Latin American countries. First, we show the high correlation between financial system indicators and GDP. Second, we test out that regardless the financial structure of each...