This paper aims to investigate the relationship between economic growth, institutional quality and financial development whitin a sample of middle-income countries. We generate three hypothesis on the potential relationships between those three dimensions by reviewing the existing literature and...

Previous research using country or firm data has been inconclusive on the sign of the relation between domestic and foreign investment. Though several hypotheses have been formulated, the factors determining the sign of this relationship are not clearly identified yet. In this paper we explore...

This paper aims to investigate the relationship between economic growth, institutional quality and financial development whitin a sample of middle-income countries. We generate three hypothesis on the potential relationships between those three dimensions by reviewing the existing literature and...

This paper investigates if higher public spending in education and better teacher qualifications are related to student’s performance, using data from Saber 11, a national standardized test conducted by Instituto Colombiano para la Evaluación de la Educación. The estimation exploits...

Do asset prices affect real activity? This question has taken on a new importance in recent years, as asset values first surged at the end of 1990s and, thereafter, dramatically retreated. This report reviews the available theoretical and empirical evidence regarding asset price and wealth...

Artículo de revista

Artículo de revista

Artículo de revista ; El objetivo de este trabajo es analizar tanto las oportunidades como los retos que ocasiona la introduccion de las nuevas tecnologias en la industria bancaria. Examina el impacto de las nuevas tecnologias en la productividad, costes y rentabilidad de las entidades...

Artículo de revista ; El objetivo de este articulo es analizar la evolucion del credito bancario, a partir de su distribucion por finalidades -actividades productivas, vivienda, consumo- y las implicaciones que se derivan de la misma. Describe la evolucion reciente del credito, su distribucion...