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Estimation of the Sovereign Yield Curve of Peru: The Role of Macroeconomic and Latent Factors
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2017-03)
The study of the yield curve has been a topic that interested economists for a long time since the term structure of interest rates is an important transmission channel of monetary policy to inflation and real activity. ...
Equity Market Risk Premium and Global Integration
(Pontificia Universidad Católica del Perú. CENTRUM, 2009)
The equity market risk premium remains one of the most debated issues in corporate finance. Monthly returns for 19 developed equity markets and 16 emerging equity markets between 1970 and 2006 aided in examining the extent ...
Public Pension Governance and Asset Allocation
(Pontificia Universidad Católica del Perú. CENTRUM, 2013)
This paper analyses the relationship between governance, asset allocation, and risk among state and local government-operated pension systems in the United States of America. It is argued that governance influences investment ...
Crecimiento y desarrollo
(Pontificia Universidad Católica del Perú. Departamento Académico de Ciencias de la Gestión, 2023-10)
In previous notes we have worked on the issue of GDP and inflation. I insisted that the GDP was not enough to measure human development. In this case, we
deal with the steps taken to measure human development and incorporate ...
Net Foreign Assets and Imperfect Financial Integration: An Empirical Approach
(Pontificia Universidad Católica del Perú. CENTRUM, 2008)
Researchers have documented extensive empirical evidence on both risk sharing across countries and the uncovered interest rate parity (UIP) condition. This paper involves investigating the empirical implications of imperfectly ...
Assessing Theory and Practice in Competitive Strategy: Challenges and Future Directions
(Pontificia Universidad Católica del Perú. CENTRUM, 2008)
Competitive strategy scholars seek to answer three important questions: (a) what constitutes an effective strategy and how is it crafted, (b) how are strategies implemented in an organization, and (c) how can a strategy’s ...
Evaluating the Efficiency of Turkish Banks: A Risk and Profitability Approach
(Pontificia Universidad Católica del Perú. CENTRUM, 2013)
Conventional performance indicators, especially after recent financial restructuring initiatives, are criticized more than ever for not associating performance and risk. The purpose of this study is to benchmark performance ...
How Investors Face Financial Risk: Loss Aversion and Wealth Allocation
(Pontificia Universidad Católica del Perú. CENTRUM, 2010)
We studied how the capital allocation decisions and the loss version of nonprofessional investors change subject to behavioral factors. The optimal wealth allocation between risky and risk-free assets results within a ...