In the capability approach, there is a consideration about initial distribution ofwealth for assessing well-being, that permits to include individual’s own previousexperience in his income trajectories. Therefore, analysis ...

Traditional risk definitions, based on supervisor’s point of view, don’t beholdexplicitly the existence and interaction of other important risks such as derivativecredit risks from other unsecured risk by debtors of bank ...

There have been many studies in the field of dividends in the last twenty seven years. The aim of this paper is to contrast the Barclay study (1987), and to complement Venkatesh study (1989). In this research, we conclude ...

A dominant chief Executive with a lengthy tenure, a rubber stamp legislature and increased business-government collaboration characterized the process of economic restructuring in Peru under Fujimori, and made the country ...

The informal economy affects innovation on multiples ways. On one hand,informality has a positive impact over the innovative activity because it increasescompetition levels and technology diffusion. However, on the other ...

This article explores the main characteristics and stylized facts of the exchange rate behavior in Peru and the Central Bank interventions in the foreign exchange market. In this sense, our aim is to model the monetary ...