This paper tests the constancy and stationarity of mechanic version of the money multiplier model for Pakistan using monthly data over the period 1972M1-2009M2. We split the data into pre-liberalization (1972M1-1990M12) and post-liberalization (1991M1-2009M2) periods to examine the impact of...

In previous work ("Interpreting the crisis"), analyzed the economic and financial crisis of 2008-2009 and its similarities to other crises in the twentieth century in the U.S. and the UK. In this paper we analyze and interpret the situation in Argentina and other Latin American countries. For...

In a market economy government resources are often insufficient to cover all the public budget needs. Public capital collecting process presents a particular interest considering the need of getting them with lower costs. The options for collecting public resources are characterized by diversity...

Since the beginning of the 1980s a large number of studies using a vector autoregressive (VAR) model have been made on the macroeconomic effects of oil price changes. However, surprisingly few studies have so far focused on Russia, the world’s second largest oil exporter. The purpose of this...

We analyze the role played by the e-business in retail travel agencies in Merida, Yucatan, and its components and impact, focusing on competitive sale of tourist products made by these agencies. Virtual agencies in Mexico still need a real link with their customers and this is only achieved...

After the bankruptcy of Lehman Brothers, in September 2008, there was huge stress in the financial markets. In the money markets, the Eurosystem had to adopt measures providing liquidity to banks in order to avoid the collapse of the interbank market. In this work we analyze the changes in the...

At the same time that researching on social inclusion and collectives in social exclusion risk is going forward, the role played by families becomes more and more important for its social inclusion and future life. The collective of people with disabilities claims the correct working of their...

This article presents an analytical reformulation of the Marshall-Lerner condition under the assumption that, in open economies where the share of exports or flows of imports relative to GDP is high, the independence between GDP and the exchange rate cannot be applied. The analytical model...

The objective of this study was to test the hypothesis of relationship between learning ability and use of the Internet for information search and development of new learning. For this analysis develops a model based on the work of organizational learning Senge (1990), Kim (1993), Mintzberg and...

In this work we study the effect on the current expending of different models of managing the university budget, establishing different expenditure control policies, both in the way of managing and when introducing technological improvements. A panel data of expenditures in several basic...