A strand of research documents Chile's copper dependence hence significant exposure to terms of trade shocks. Copper …'s adjustment capacity to external shocks. Following Malz (2014), this paper builds a time-varying measure of copper price … uncertainty using options contracts. VAR analysis shows that the investment response to an uncertainty shock of average magnitude …

The objective of this paper is to value as a Real Option the License of a copper mine in the exploration stage. We … conceive the License of a copper mine, as the value of a call option that gives us the right to invest in the next stage. The … volatility of the Real Option using the Copeland and Antikarov methodology, the copper price, fundamental market risk of the …

assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily …. Heterogeneity prevails in correlations between gold and stocks. After the 2008 crisis, correlations among all three assets increase …