Universidad Torcuato Di Tella (Argentina): últimos ingresos
Mostrando ítems 2381-2400 de 4808
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Una concepción Kantiana de la causalidad a partir de la libertad
(Universidad Torcuato Di Tella. Escuela de Derecho, 2002)su título. Así que supongo que lo primero que querrían que haga es explicar qué se quiere decir con ellos. Lo haré por medio de ejemplos. Es un hecho de todos los días que el fuego causa humo. Enciendan un fósforo y ... -
Dos interpretaciones del contractualismo de Scanlon
(Universidad Torcuato Di Tella. Escuela de Derecho, 2002)En “What We Owe to Each Other” [Lo que Nos Debemos unos a otros], TM Scanlon presenta los elementos principales de una nueva teoría contractualista sobre lo correcto y lo incorrecto (Scanlon 1998). Las ideas que aporta al ... -
Libertad y bienes de bienestar: reflexiones sobre liberalismos en conflicto
(Universidad Torcuato Di Tella. Escuela de Derecho, 2003)Entre los numerosos productos morales que los órdenes políticos pueden producir y proteger, el liberalismo clásico le asigna primacía a la libertad, entendida como ausencia de interferencia. Hacia la segunda mitad del siglo ... -
Waldron y el juego de la coordinación jurídica
(Universidad Torcuato Di Tella. Escuela de Derecho, 2003)Jeremy Waldron nos dice que “la profunda necesidad, entre los miembros de cierto grupo, de contar con un marco de referencia, una decisión o un curso de acción comunes sobre alguna cuestión, aun ante el desacuerdo sobre ... -
Financial globalization: unequal blessings
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)This paper presents a framework to analyze financial globalization. It argues that financial globalization needs to take into account the relation between money (particularly in its role as store of value), asset and factor ... -
The effect of product market competition on capital structure: empirical evidence from the newspaper industry
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)This paper analyzes whether the extent of product market competition that a firm faces affects its capital structure. We study the effect of competition on leverage for firms acting in the US newspaper industry. Potential ... -
Classifying exchange rate regimes: deeds vs. words
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)Most of the empirical literature on exchange rate regimes uses the IMF de jure classification based on the regime announced by the governments, despite the recognized inconsistencies between reported and actual policies ... -
Banking on foreigners: the behaviour of International Bank Lending to Latin America, 1985-2000
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)Rising international bank financing to developing countries has motivated a debate on the behavior of these claims. We analyze claims from seven home (lender) countries on ten host (borrower) countries in Latin America. ... -
Capital inflows and capital outflows: measurement, determinants, consequences
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)This paper develops new estimates of capital outflows and is the first, to our knowledge, to analyze the determinants, consequences and inter-relationship between inflows and outflows. Given the dynamics and individual ... -
The Argentina crisis: bad luck, bad management, bad politics, bad advice
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)In my view the crisis was avoidable and one can even point to key events and decisions at particular moments of time. If some combination of these events had turned out different, it is likely that crisis would have been ... -
Defaults in the 90's: Factbook and preliminary lessons
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)Since the Tequila crisis in 1994, and particularly after the succession of crises in Asia and the default episode in Russia, questions related to international sovereign bond restructuring have been increasingly at the ... -
Toolkit for the analysis of debt problems
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)The idea of this chapter is to provide a number of tools that may allow an independent observer to assess the likelihood of default, to provide the clues for an evaluation of likely restructuring scenarios and to be able ... -
Reforming capital requirements in emerging countries
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)This paper then attempts to show how a PCR, in this case from Argentina, can help to set capital and provisioning rules. In order to so this, we employ an econometric credit scoring model on the PCR data - an ordered probit ... -
Macroeconomic coordination and monetary unions in a N-country world: Do all roads lead to Rome?
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)In Europe, twelve countries have joined a currency union but four have stayed out. The EU enlargement process implies a large set of potential EMU entrants. In Latin America, two countries have recently dollarized and ... -
The FTAA and the location of FDI
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)The role of regional integration agreements as a determinant of the location of FDI has become an increasingly relevant issue for emerging economies. While the concerns regarding the impact of RIAs on FDI for countries in ... -
Living and dying with hard pegs: the rise and fall of Argentina's currency board
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2003)The rise and fall of Argentina’s currency board illustrates the extent to which the advantages of hard pegs have been overstated. The currency board did provide nominal stability and boosted financial intermediation, at ... -
A new test for the success of inflation targeting
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2003)We propose a new test, derived from a set of variance decompositions of a structural VAR, for the success of inflation targeting. In contrast to standard sacrifice ratios this test considers changes in the structure of ... -
Regional integration and the location of FDI
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2003)How will the creation of the FTAA affect FDI from the rest of the world to the region? What are the implications of FTAA for a country such as Mexico whose preferential access to the US may be diluted? Would the effect be ... -
Aftermaths of current account crisis: export growth or import contraction?
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2003)This paper defines current account crises as current account adjustments that occur in the aftermath of a sizable reduction in capital flows. We study the characteristics of such current account adjustments, particularly ... -
The price of incorvertible deposits: the stock market boom during the Argentine crisis
(Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2003)The Argentine crisis witnessed, among other things, a deposit run, the suspension of deposit convertibility, and a “boom” in the stock market. We argue that this boom reflects the cost that depositors were willing to incur ...