(Disponible en idioma inglés únicamente) En este trabajo se analizan las implicaciones de un acuerdo de comercio norte-sur en el que las inversiones en el país socio sureño exhiben riesgo país. Nuestro análisis demuestra que los acuerdos de comercio norte-sur pueden servir como mecanismos...

Disclosure is widely regarded as a necessary condition for market discipline in a modern financial sector. However, the determinants of disclosure decisions are still unknown, particularly among banks. This paper investigates the determinants of disclosure by Japanese Shinkin banks in 1996 and...

We test the relation between income and democracy during the postwar period. We employ panel estimation methods that explicitly allow for the fact that the primary measures of democracy are censored with substantial mass at the boundaries. We find that the statistically significant positive...

While the global financial crisis was centered in the United States, it led to a surprising appreciation in the dollar, suggesting global dollar illiquidity. In response, the Federal Reserve partnered with other central banks to inject dollars into the international financial system. Empirical...