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Financial price dynamics and pedestrian counterflows: a comparison of statistical stylized facts
(American Physical Society, 2013-01)
We propose and document the evidence for an analogy between the dynamics of granular counterflows in the presence of bottlenecks or restrictions and financial price formation processes. Using extensive simulations, we find ...
Informational efficiency in distressed markets: The case of European corporate bonds
(Economic and Social Studies, 2014-08)
This paper investigates the effect of the 2008 financial crisis on informational efficiency by carrying out a long-memory analysis of European corporate bond markets. We compute the Hurst exponent for fifteen sectorial ...
The origins of neoliberalism in late ‘socialist’ Hungary: The case of the Financial Research Institute and ‘Turnabout and Reform’
(SAGE Publications, 2018-02)
This article contributes to ongoing debates in the transformatology literature, as well as the wider literature on the global neoliberal revolution, on the origins of neoliberalism in Soviet-style economies. Within these ...
A comparative analysis of the informational efficiency of the fixed income market in seven European countries
(North-holland, 2012-09)
This letter investigates the time-varying behavior of long memory in sovereign and corporate bond indices of seven European Union countries from July 1998 to November 2011. We compute the Hurst exponent and detect that the ...
From the financial crisis to the next eleven: limits and contradictions in the Korean process of capital accumulation
(Taylor & Francis, 2016-01)
This paper examines the South Korean economic crisis of 1997–1998 and the subsequent recovery. For this, it first analyses the specific characteristics and long-term development of the process capital accumulation there. ...
Quantifying instabilities in Financial Markets
(Elsevier Science, 2019-07)
Financial global crisis has devastating impacts to economies since early XX century and continues to impose increasing collateral damages for governments, enterprises, and society in general. Up to now, all efforts to ...
A regional Kohonen map of financial inclusion and related macroeconomic variables
(Acad Economic Studies, 2020-09)
Financial inclusion increases savings, promotes investment and the expansion of the domestic market, and consequently favors economic growth. In this work, the evolution of a set of indicators of financial inclusion is ...
Reformas financieras e inestabilidad financiera
(Banco Central de la República Argentina, 2011-06)
En este trabajo analizamos la relación empírica entre distintas reformas financieras y los niveles de inestabilidad financiera. También analizamos la relación entre liberalización financiera e inestabilidad financiera, ...
Extended q-Gaussian and q-exponential distributions from gamma random variables
(American Physical Society, 2015-05-11)
The family of q-Gaussian and q-exponential probability densities fit thestatistical behavior of diverse complex self-similar non-equilibriumsystems. These distributions, independently of the underlying dynamics, can ...
Old Cycles and New Vulnerabilities: Financial Deregulation and the Argentine Crisis
(Blackwell Publishing, 2021-05)
After returning to financial markets in 2016, Argentina asked for IMF financing in 2018 and defaulted on its peso-denominated short-term debt in 2019. This article describes this latest short-lived cycle of external ...