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Nota tecnica 1: Transmisión electrica y la "Ley corta": una nota sobre riesgo y la tasa de descuento
(Universidad de Chile. Facultad de Economía y Negocios, 2002-12)
This paper studies the determinant of the appropriate rate to fix transmission
tolls. I develop a simple model that allows to decompose it in the sum of the
risk-free rate and a risk premium. There are two general ...
The choice channel of financial innovation
(2018-11-15)
Financial innovation in recent decades has expanded portfolio choice. We investigate how greater choice a¤ects investors.savings and asset returns. We establish a choice channel by which greater portfolio choice increases ...
Default and interest rate shocks: Renegotiation matters
(Universidad Torcuato Di TellaRutgers University, Department of EconomicsUniversity of Minnesota, 2023)
We develop a sovereign default model with endogenous re-entry to financial markets via
debt renegotiation. We use this model to evaluate how shocks to risk-free interest rates trigger
default episodes through two channels: ...
Approximating risk premium on a parametric arbitrage-free term structure model
(Sociedade Brasileira de Econometria, 2014-11-14)
In this paper we approximate the risk factors of a polynomial arbitrage-free dynamic term structure model by running a sequential set of linear regressions independent across time. This approximation avoids the cost of a ...
Approximating risk premium on a parametric arbitrage-free term structure model
(FGV EPGE, 2014)
In this paper we approximate the risk factors of a polynomial arbitrage-free dynamic term structure model by running a sequential set of linear regressions independent across time. This approximation avoids full optimization ...
The real option value of free trade agreements
(Universidad de Chile. Facultad de Economía y Negocios, 1993-12)
This purpose of this paper is to analyze the effects of exchange rate risk in the value of bilateral and multilateral trade agreements. In order to value a bilateral trade agreement we initially consider a firm that must ...
Monetary policy, default risk and the exchange rate
(Escola de Pós-Graduação em Economia da FGV, 2007)
In a country with high probability of default, higher interest rates may render the currency less attractive if sovereign default is costly. This paper develops that intuition in a simple model and estimates the effect of ...
Low dose rate brachytherapy in low and middle risk prostate cancer: Results and impact on quality of life with 5 year follow up
(Iniestares, 2017)
Low dose rate brachytherapy (LDR-Br) with radioactive isotopes is a curative treatment and has shown to be comparable for the management of localized prostate cancer (PCa) to more conventional treatments such as radical ...
Extracting inflation risk premium from nominal and real bonds using survey information
(Emerald Group Publishing Ltd., 2018)
Purpose: The purpose of this paper is to forecast future inflation using a joint model of the nominal and real yield curves estimated with survey data. The model is arbitrage free and embodies incompleteness between the ...