This paper aims to measure the degree of income mobility in Brazil in the 1987-2005 period. To achieve that, we consider the axiomatic mobility approach and the dynamic tool suggested by Aebi et al. (1999). The transition probability matrix calculations and the mobility index indicate that...

Using macro-level trade data, we investigate how different types of sunk costs influence decisions of exporters. We find that exporters’ decisions reflect sensibly their desire to minimize the relationship-specific sunk costs. Specifically, exporters of differentiated products are more likely...

In order to observe the structural changes of the export specialization processes in Romanian regions, compared to the European Union (EU-27) during the 2000-2011, I used the regional and EU data pertaining to exports organized on sections of the Combined Nomenclature. The analysis involved,...

Disadvantaged conditions in the Italian labour market are analysed by considering unemployment gender gaps within the three main geographical areas which characterize the Italian economy (North, Centre and South). We use a Transition Probability Matrix approach to identify the relevant labour...

Microfinance in Mexico has developed at an accelerated pace and the efforts in credit risk management in this sector are scarce. The goal of this work is the construction of a Transition Probability Matrix in the rating of microcredits which can be used in the estimation of Value at Risk (VaR),...

As part of Basel II's incremental risk charge (IRC) methodology, this paper summarizes our extensive investigations of constructing transition probability matrices (TPMs) for unsecuritized credit products in the trading book. The objective is to create monthly or quarterly TPMs with predefined...