[PDF] Top 20 Essays on emerging markets

... But, the project can also be financed with short-term debt (that is debt maturity shorter than the project: there is maturity mismatch). The existence of production linkages eliminates the monopoly power of the borrowers ... See full document

... relying on microeconomic foundations for wage ...depend on aggregate and idiosyncratic productivity shocks experienced, with wage iner- tia emerging as an endogenous outcome of the ... See full document

... depend on factors such as variations in expected spot prices, due to the climatic conditions generated by the Oceanic Niño Index (ONI) and its impact on the available quantity of water to generate electric ... See full document

... positively on the countries’ level of indebtedness and negatively on the level of investment they ...Based on monthly spreads of Mexican bonds in the secondary market, he demonstrates the positive ... See full document

... Resumen Este documento aporta la evidencia empírica de la interrelación existente entre la evolución del Indicador de Bonos de Mercados Emergentes y ciertas variables macroeconómicas en 7 países latinoamericanos, de ... See full document

... body on international marketing focuses on emerging markets is growing, the attention paid to the Latin American context continues to be very ...have on franchising expansion, the ... See full document

... rates. On the other hand, convergence of domestic and international lending rates is less likely to occur due to information costs associated with monitoring domestic ...capital markets do not lend directly ... See full document

... events on portfolio equity flows, focusing primarily on data on portfolio flows before, during and after ...stock markets around election periods is influenced by the political leanings of the ... See full document

... builds on theoretical studies of the problem of delegation of authority within ...save on communication costs, while upper echelons of the hierachy specialize in solving less common ...problem on the ... See full document

... two emerging countries: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Peru, The Philippines, Poland, Russia, Saudi Arabia, South Africa, ... See full document

... being on the road to joining the First World as a result of heeding the Washington ...Street, on the other hand, may have joined the bandwagon because they shared the Washington Consensus and, perhaps also, ... See full document

... The above dualism holds for a speci…c context to which we refer as a binary activity choice accumulation problem (BACAP). In a BACAP an individual faces at each period the binary choice of undertaking or not an activity; ... See full document

... The second approach is that of demographic models. These establish link between the de- mographic characteristics of a child (e.g. number of siblings, birth order) and their educational attainment (as measured by test ... See full document

... effect on labor supply to the private sector also raises the private wage thus inducing upward pressures on marginal costs, inflation (due to sticky prices and monopolistic competition in retailers) and ... See full document

... data on intersectoral linkages and conglomerates into graph-theoretic ...structure on aggregate volatility and performs some counterfactual exercises using both data from US Census Bureau and BEA and ... See full document

... achievement on standardised test scores is related to higher labour market returns (Bishop, 1992) and to higher productivity and national growth rates (Hanushek and Kimko, 2000; Hanushek and Woessmann, 2007), and ... See full document

... based on the assumption that in- vestors react differently after a large negative ...impact on financial flows to another country—even if the fundamentals of the second economy are strong and there is ... See full document

... Moreover, as stressed by Coleman (1988), there are more parallels that can be established between social capital and the other types of assets. Like physical and human capital, social capital is also productive (IV), ... See full document

... mobility on wages, and particularly the effects of a spell of unemployment and inactivity on reemployment ...focuses on wage losses after a mass-layoff using a unique dataset from social security ... See full document

... calculated on the basis of ownership of the product as it entered the European ...duties on the sales price rather than the manufacturing cost – an increase of 50 ... See full document