The efficiency of the Costa Rica certificate of deposit (CD) market is examined in this paper. The rate spread between US dollar denominated CDs in US. and Costa Rica banks are examined. Colon denominated rates offered by Costa Rican banks are compared to dollar denominated rates offered by U....

A great deal of work has been done on the optimal capital structure and valuation of the firm. The majority of the literature explores valuation and optimal capital structure conditions under the double taxation system. In this paper, valuation equations and optimal capital structure conditions...

A recent line of research develops currency adjusted stock indices. These indices incorporate the effects of both stock value changes and underlying currency value changes to measure wealth changes. This paper extends the extant literature by examining time series properties of currency-adjusted...