5 articles in this issue
Josep García
The purpose of this paper is to investigate the effects of stock recommendationsin returns and trading volumes. Unlike previous research we have investigatedthe five most usual types of recommendations: buy, outperform, hold, underperformand sell. The met... see more
Ricardo Paredes
In the period 2000 - 2006, municipal or public schools reduced its enrollmentin 186,000 students (13%) in Chile. Meanwhile, privately subsidized schools,receiving the same type of funding, increased their enrollment in 386,000students (38%). In this paper... see more
Eugenio Figueroa
Cross-country estimations of the Environmental Kuznets Curve (EKC) to empiricallyanalyze the relationship between income and pollution have generallyassumed a common structure for all countries. Since this latter feature is notsupported by economic theory... see more
Jorge Guillén
The era of US state branching deregulation started in 1970 and ended up with theenactment of the Riegle Neal Act of 1994. One of the purposes of the branchingrestriction was to avoid bank concentration. The following paper addressesthe influence of the st... see more
Jorge Selaive
In this work we extend a De Jure measure of capital account restrictions, previouslyassembled by Miniane (2004) for 34 economies, to a set of 181 countries forthe period 1996-2005. Additionally, having in mind the pitfalls of this indicator,we propose two... see more