Although the international crisis was initially seen as an event limited to a particular segment of the financial systems of central economies, it rapidly escalated and became global through different transmission channels, raising doubts over the hypothesis of the so-called decoupling. Latin...

The low depth of the argentinian financial system has motivated doubts about its potentials of development, even under relatively favorable macroeconomic expectations. Contributing to the analysis of this key industry, the current paper develops a methodology to measure the evolution of the...

Dynamic and Stochastic General Equilibrium (DSGE) models have become a frequent choice of modeling methodology for complex dynamic and stochastic phenomena in different branches of economics. They are increasingly used by decision-makers to analyze various policy decisions or to generate...

Based on the information of Argentine banks during the period 1998-2005, this paper analyzes if the bank loan portfolio was efficient in the sense of prioritizing the productive sectors with higher growth and stability. The statistical and econometrical response of the study is an unequivocal...

The goal of this paper is to provide up-to-date worldwide evidence on the short-term relationship between credit changes and output changes. Standard correlation methods, state of-the-art panel Granger causality tests, and panel regressions were applied on a maximum sample of 144 countries over...

This paper analyzes the response of the soybean sown area of Argentina to changes in price incentives and other variables which are relevant for agricultural production. To this effect, VEC models are estimated for some of the main producing provinces and for the country’s total in the period...

The existence of a stable money demand function is critical when designing and implementing monetary policy. This is even more relevant in the current context of Argentina where the central bank establishes targets for monetary aggregates. In turn, it is also important that such function takes...

Using frequency domain techniques to separate short and long run dynamics and decomposing inflation into its common and idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High inflation, strong long-run comovement between RPV...

The main object of this paper is to develop a credit scoring methodology for Argentine bank commercial obligors based on information available in the Public Credit Registry of the Central Bank of Argentina (Central de Deudores) as a reference tool to assess credit risk in local banks. Previous...

A usual policy recommendation to promote sustained economic growth it to dedicate increasing resources to the investment process (i.e. high investment rates). In contrast, a well known result of neoclassical growth theory is that the only determinant of long run growth is technological progress,...