In this work, we evaluate the use of public and private information by Spanish fund managers by means of an analysis of their traditional and conditional performance. Furthermore, we repeat this analysis for various fund subsets compiling their different characteristics, which allows us to...

The presence of outliers in time series gives rise to important effects on the sample autocorrelation coefficients. In the case where these outliers are not adequately treated, their presence causes errors in the identification of the stochastic process generator of the time series under study....

This paper analyses the impact of the rate of inflation and German short-term interest rates over the short-term interest rates of a number of European Union Member States. The study has been carried out by considering two subperiods, namely from 1980 to 1988 and from 1989 to 1996, with these...

Los atípicos u outliers innovacionales (IO), en el límite (esto es, asintóticamente y considerando un tamaño de dichos outliers suficientemente grande) no producen efecto alguno en las funciones de autocorrelación. Esto implica que la presencia de IO nos llevaría, en el límite, a...