Youth unemployment in Spain is a persistent phenomenon that has worsened during the current crisis. And at the levels now being registered (46.1% in 2Q11), the measures to fight it can be delayed no longer. The evidence presented in this document indicates that there are serious shortcomings in...

En este articulo se aborda el analisis del vinculo entre migracion y clima, para lo cual revisamos algunas de las posibles consecuencias del cambio climatico sobre la migracion y nos enfocamos en el caso particular de Mexico. Revisamos algunos trabajos sobresalientes que describen las tendencias...

In this paper we explore some lessons from the Spanish housing boom and the incipient bust from the point of view of the usefulness of the regulatory approach, with particular regard to dynamic provisions and the regulatory treatment of securitisation. First, we describe the main features of the...

We find empirical evidence that the Chinese banking system has benefited from the entry of foreign investors through higher profitability and increased efficiency of the banking system. Foreign partcipation, which consists of a minority stake in a Chinese bank (in contrast to the typical pattern...

The aim of this paper is to review the experience of various dual-currency economies and analyze the main challenges faced by policymakers in formulating and conducting monetary policy. To that end, it distinguishes between countries with growing dollarization and those which have managed to...

This paper documents stylized facts of international medium-term business cycles by exploring the pattern of comovement between a catching-up economy, Spain, and each of the obvious candidate countries to technological leadership of the 1950-2007 period, the U.S., France, Germany, Italy and the...

In this article, we calculate the number of Mexican immigrants with doctorates living in the United States. We describe some of their characteristics and point to some factors that contribute to the emigration of this group of persons. We also quantify the transfer that Mexico has made to the...

En este articulo se presenta una cuantificacion del numero de mexicanos con estudios de doctorado que radican en los Estados Unidos, se describe algunas de sus caracteristicas y se señalan algunos factores que contribuyen a la emigracion de este grupo de personas. Tambien se ofrece una...

El presente trabajo describe la evolucion del esquema de multifondos en Chile, asi como sus principales caracteristicas y resultados. Se realizan ejercicios de simulacion con el objeto de modelar la dinamica de retornos y volatilidades de los distintos tipos de fondos de pensiones chilenos para...

Banking union is the most ambitious European project undertaken since the introduction of the single currency. It was launched in the summer of 2012, in order to send the markets a strong signal of unity against a looming financial fragmentation problem that was putting the euro on the ropes....