Números Publicados

This paper studies the claims of Multinational Enterprises against Latinamerican States at international arbitration instances. As these claims stem from the subscription of multiple international agreements on investment, the convenience of such agreements for the achievement of develoment goals is at stake. Our work goes on revising the reactions of several of the region’s states in order to overcome the inconvenience of such claims, considering them insufficient.

This paper analyzes the links between business cycle correlation and trade intensity, sectoral specialization and higher degree of monetary and fiscal policy coordination. We apply the analysis to Central and Eastern European Countries (CEES) in relation to euro area over the period 2004-2006.

In this paper we study the convergence between countries for the period 1950-2009. The approach develops a comparative perspective between the β-convergence model unconditional –classic and with recognition of spatial dependence– and the approach suggested by Quah. The results on the convergence period vary with the method used. However, the main difference is on the countries for which found convergence.

The paper presents the European financial market convergence progress evolution and the effects that, on the financial integration the crisis has done. The main topic studied is the relevance of beta coefficient designed by the European Central Bank. The differential evolution of the integration of the sovereign bond market and the performance of the debt spreads as risk indicators has appeared in a strong version in the present environment.

The international global crisis represents the worst economic collapse since The Great Depression of the 1930s. Initially called the subprime crisis, in reference to the problems occurred in the US mortgage market, it became a systemic global crisis. Although it has become known as a financial crisis, it surely goes beyond that.