Introducción. los estudiantes graduados que empredieron el estudio de la teoría de la política comercial a fines de los años setenta econtraron algo de álgebra, mucho de geometría y varias verdades fundamentales. Estas verdades incluían las afirmaciones de que las políticas...

The sustained growth in corporate debt over the past decade has led to an increasingly widespread use of contingency clauses. These clauses, also known as “triggers”, are written into bond issue contracts or bank loan agreements, and aim to facilitate borrowers’ access to financing by...

We discuss the use of multiple exchange rates to ration foreign exchange in developing countries, focusing on the case where there is an officially set exchange rate and a second parallel rate that is freely determined by the market. We assume the Central Bank determines the proportions of...