This paper examines relationships between size and risk in financial markets. Based on the work of Makridakis / Taleb [2009] and Taleb / Tapiero [2009], presents the problems of excessive risk and imbalances caused by the size of firms. Markets mixed on firm growth traps externalities can...

The aim of this paper is to analyze the process of integration and competition in European financial markets. We explore the obstacles or barriers which hinder this process, as well as the main drivers and initiatives which have been implemented to move financial integration forward. According...

La investigación cuantifica y analiza los efectos de los choques originados en los mercados estadounidenses sobre los principales mercados financieros colombianos. Para cumplir con este objetivo se emplea la información diaria de los mercados de dinero, bonos, acciones y tipo de cambio entre...

The international financial system (IFS) has undergone a series of financial crises over the past decade. This paper analyzes the shortcomings of said system (that have contributed to the crises) and, with them in mind, reviews and evaluates the IFS refor

Spanish Abstract: Los flujos bancarios transfronterizos están registrando una sostenida reducción tras la crisis financiera global, que contrasta con la recuperación del resto de la financiación internacional. Este proceso puede estar asociado a los incipientes cambios en los modelos de...

This paper discusses that many of the exaggerated claims that globalization has been an important element in the reduction of the inflation in the recent years do not come true. The globalization has, however, the potential to contribute to the stabilization of economies and this has been...

This paper aims to conduct a study to determine how U.S. financial crisis will affect Mexican economy. From Minsky’s theory view, it begins with a background of the crisis today and a brief description of the current economic situation in Mexico. Finally, it will consider the economic impact...

Partiendo de la base teórica de que existe una relación positiva entre el desarrollo del mercado de capitales y el crecimiento económico, se construyen indicadores de tamaño, liquidez, riesgo, integración y eficiencia, para el mercado accionario colombiano. Para esto, se usan medidas...