Among the cited historical cases of free banking is the National Law of Guaranteed Banks in Argentina (1887-1890), a system which proved to be unstable. This historical case presents relevant risks that are attributed to free banking, the absence of proper regulation and a formal lender of last...

This paper analyzes the determinants of local institutions and distribution of political power within a constant 'macro-institutional' setting. We show that characteristics of Brazilian municipalities related to institutional quality and distribution of political power are partly inherited from...

Esto es un material de apoyo en PowerPoint para 'http://ssrn.com/abstract=2344169' http://ssrn.com/abstract=2344169 Costo De Capital Y Flujos De Caja Para PYMEs (Cost of Capital and Cash Flows for SMEs).Las empresas no transadas en bolsa, la mayoría de ellas, PYMEs, (Pequeñas y Medianas...

The objective of this paper is twofold. Firstly, it identifies and categorizes the currency crises suffered by Argentina from 1825 to 2002. Secondly, it looks for regularities in the behaviour of key macroeconomic variables in the neighbourhood of crises by means of graphic analysis,...

The business corporation, a central pillar of modern capitalism, is deemed to have a set of defining features that are universal across different jurisdictions and ever more widely available. However, a close examination of legal developments in Brazil, one of the world's largest economies,...

This Article maps financial crisis containment - extraordinary measures to stop the spread of financial distress - as a category of legal and policy choice. I make three claims.First, containment is distinct from financial regulation, crisis prevention and resolution. Containment is brief; it...

The development of the Brazilian stock market has raised concerns about the practice of insider information, with several cases being documented in recent years. We hypothesize that insider trading is a form of corruption. As such, the higher the corruption level in a country, the more intense...

The present study aims to analyze the effect of COVID-19 (2019-nCoV) on the Colombian peso market exchange rate between February 16, and March 14, 2020. This period was selected because therein, the pandemic expanded toward South America and the first case was diagnosed in Colombia. Also, during...

Spanish Abstract: Este artículo describe el mercado de bienes animado por la circulación de oro en polvo en el nordeste de la provincia de Antioquia entre 1789 y 1811. El documento aporta al polémico debate entre quienes sostienen la predominancia de una economía “natural”, o de trueque,...

This study analyzes Ohlson's Linear Information Dynamic (LID) and evaluates the effect of other information on the abnormal earnings series. It is tested the hypotheses that industry structure and market share have significant effects on abnormal earnings of the following period, with Ohlson's...