9 articles in this issue
Joan Miguel Tejedor Estupiñán
On September 24, 2015 the Colombian government and the Fuerzas Armadas Revolucionarias de Colombia (FARC) gave themselves six months to reach a definitive peace agreement, which would reincorporate the oldest insurgent group in Latin America -fo... see more
José Carlos Trejo García,Humberto Ríos Bolívar,Francisco Almagro Vázquez
In order to improve the management of revolving credit risk when estimating provisions in Mexico ?specifically in the case of portfolios administered by credit institutions (banks)? this research employs an alternative logit model to reflect levels of ris... see more
Eduardo Rosas Rojas
This article examines inconsistencies in the assumptions on which the new macroeconomic consensus is based, before going on to propose an alternative theoretical framework for understanding how exchange rate interventions work, and the compensatory effect... see more
Fahd Boundi Chraki
This article seeks to identify the industrial sectors that are key to the Mexican economy. To this end the following methodologies are employed, all based on input-output analysis: a) the Chenery-Watabane Method (1958) for calculating direct productive li... see more
Julián Fernández Mejía,Jorge Mario Uribe
This article analyzes different international share price indices for the period 1995-2013, in order to test for the existence and date of appearance of asset price explosions in the world’s stock markets. A sign test is employed to construct different in... see more
Milton Camelo Rincón,Jacobo Campo Robledo
This article reviews the background to Colombian housing and construction sector policy from the 1970s to recent times. Based on a supply and demand analysis the text offers a theoretical explanation of the current problems of the housing market in Bogotá... see more
Wílliam Rodrigo Avendaño Castro,Gerson Rueda Vera,Luisa Stella Paz Montes
This article evaluates environmental management by small and medium enterprises operating in the clay sector in the municipality of San José de Cúcuta, Colombia, and its metropolitan area. For the purpose, forty businesses in the municipalities of Cúcuta,... see more
Juan Pablo Herrera Saavedra,Dennis Sánchez Navarro
This article models the potential effects of firm mergers on the price of a market for homogenous goods. The analysis is carried out according to two scenarios: a) firms have similar levels of technology at their disposal and b) a degree of heterogeneity ... see more
Jimmy Melo
In scenarios of increasing pessimism, arbitrageurs affect processes by inducing a recuperation in demand for a risky asset (demand effect) or as a result of their capacity to transfer resources to scenarios of scarce liquidity (the liquidity effect). If t... see more