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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado:
10 registros
| Registro 1 de 10 |
| Autor: |
Pernice, Sergio - Janssen, Michel |
| Título: |
Sleeping beauty on Monty Hall |
| Fuente: |
Documentos de Trabajo UCEMA, n.587. Universidad del CEMA |
| Páginas: |
22 p. |
| Año: |
mayo 2016 |
| Resumen: |
We present a game show that we claim can serve as a proxy for the notorious Sleeping Beauty Problem. This problem has divided commentators into two camps, `halfers’ and `thirders’. In our game show, the potential awakenings of Sleeping Beauty, during which she will be asked about the outcome of the coin toss that determined earlier how many times she is awakened and asked, are replaced by potential contestants, deciding whether to choose heads or tails in a bet they will get to place if chosen as contestants on the outcome of the coin toss that determined earlier how many of them are chosen as contestants. This game show bears out the basic intuition of the thirders. Our goal in this paper, however, is not to settle the dispute between halfers and thirders but to draw attention to our game-show proxy itself, which realizes a version of the Sleeping Beauty Problem without the ambiguities plaguing the original. In this spirit, we design similar game-show proxies for variations on the Sleeping Beauty Problem with stochastic experiments other than a coin toss. We do the same for a variation in which Sleeping Beauty must decide upon being awakened whether or not to switch doors in the famous Monty Hall Problem and have the number of awakenings during which she gets to make that decision depend on the door she picked before she was put to sleep. |
| Palabras clave: |
ANALISIS ECONOMETRICO |
MODELOS ECONOMETRICOS |
SIMULACION |
SERIES TEMPORALES |
MODELOS MATEMATICOS |
TEORIA DE LOS JUEGOS |
INVESTIGACION ECONOMICA |
|
| Solicitar por: |
HEMEROTECA D + datos de Fuente |
| Registro 2 de 10 |
| Autor: |
Fernández, Roque B. - González, Celeste - Pernice, Sergio - Streb, Jorge M. - |
| Título: |
Loan and bond finance in Argentina, 1985-2005 |
| Fuente: |
Documentos de Trabajo UCEMA, n.343. Universidad del CEMA |
| Páginas: |
49 p. |
| Año: |
abr. 2007 |
| Resumen: |
Loan and bond finance during 1985-2005 can be divided into three sub-periods. After the 1982 debt crisis, which mainly involved domestic and foreign bank loans to both the corporate and government sectors, there was practically no credit. This situation of lack of credit persisted until the domestic economy was stabilized in 1991 with the Convertibility Plan, and foreign debt renegotiation was completed in 1993 with the Brady Plan. Loan finance recovered to unprecedented levels since the 1950s, and bond finance became for the first time an important financing vehicle for both the national government and large firms in the corporate sector. Credit came to a sudden stop in 2001, with widespread default on both corporate and government bonds. The 2001 debt crisis was not followed by runaway domestic inflation, and by 2005 Argentina was able to return to foreign capital markets. |
| Palabras clave: |
INSTITUCIONES FINANCIERAS |
BANCOS CENTRALES |
POLITICA FINANCIERA |
LIQUIDEZ |
CREDITO |
PRESTAMOS |
SUBSIDIOS DE VEJEZ |
ESTADISTICAS ECONOMICAS |
|
| Solicitar por: |
HEMEROTECA D + datos de Fuente |
| Registro 3 de 10 |
| Autor: |
Bedoya, Alejandro - González, Celeste - Pernice, Sergio - Streb, Jorge M. - Czerwonko, Alejo - Díaz Santillán, Leandro |
| Título: |
Database of corporate bonds from Argentina |
| Fuente: |
Documentos de Trabajo UCEMA, n.344. Universidad del CEMA |
| Páginas: |
15 p. |
| Año: |
abr. 2007 |
| Resumen: |
This document describes the construction of a database of corporate bonds issued by firms in Argentina between 1989 and 2005. The database draws on two main sources, the Bolsa de Comercio de Buenos Aires and the Comisión Nacional de Valores, while some additional information comes from the Mercado Abierto Electrónico. In all, we collected information on 1356 corporate bonds, though there are some bonds that have fields with missing information. Our data basically covers the characteristics of the bonds at time of issue. That is, we do not have a detailed description of how the characteristics of those corporate bonds that defaulted in 2001/2002 and were subsequently renegotiated changed. Based on the data from the primary markets, we constructed a series with the total outstanding stock of corporate bonds over this period. The information in the database allows to calculate these stocks at the firm level. |
| Palabras clave: |
MERCADO FINANCIERO |
POLITICA FINANCIERA |
EMPRESAS |
VALORES |
ACCIONES |
BONOS |
MARCO INSTITUCIONAL |
ESTADISTICAS ECONOMICAS |
|
| Solicitar por: |
HEMEROTECA D + datos de Fuente |
| Registro 4 de 10 |
| Autor: |
Bedoya, Alejandro - González, Celeste - Pernice, Sergio - Streb, Jorge M. - Fernández, Roque B. - |
| Título: |
Corporate bonds, asset-backed securities and deferred checks in Argentina |
| Fuente: |
Documentos de Trabajo UCEMA, n.347. Universidad del CEMA |
| Páginas: |
25 p. |
| Año: |
abr. 2007 |
| Resumen: |
We describe the evolution of three types of corporate securities in Argentina, namely, corporate bonds, asset-backed securities and deferred checks. Corporate bonds (obligaciones negociables) were legally authorized in 1988, and after a tax reform in 1991 they became an important financing vehicle. Asset backed securities (fideicomisos), legally created in 1995, have been issued since 1996. They typically bundle together small credits of a similar category. Deferred checks (cheques de pago diferido) exist since 1993, alongside standard checks. They can be negotiated on the exchange since 2003, and are akin to commercial paper. Corporate bonds have been overwhelmingly issued by large firms and banks, with an average issue size of 53 million dollars. Asset backed securities have an average value of 9 million dollars. Deferred checks are typically used by smaller firms, and those traded on the exchange of the Buenos Aires board of trade have an average value of 9 thousand dollars. |
| Palabras clave: |
MERCADO FINANCIERO |
POLITICA FINANCIERA |
EMPRESAS |
VALORES |
ACCIONES |
BONOS |
PAGOS |
ESTADISTICAS ECONOMICAS |
|
| Solicitar por: |
HEMEROTECA D + datos de Fuente |
| Registro 5 de 10 |
| Autor: |
Pernice, Sergio - Streb, Jorge M. - Fernández, Roque B. - |
| Título: |
Determinants of the development of corporate bond markets in Argentina: one size does not fit all |
| Fuente: |
Documentos de Trabajo UCEMA, n.348. Universidad del CEMA |
| Páginas: |
25 p. |
| Año: |
abr. 2007 |
| Resumen: |
Conventional theory leads to expect bonds to be a financing vehicle for large firms because of economies of scale and contracting costs. We find both in our econometric evidence for firms quoted on Latin American stock exchanges, and in our survey results for Argentina, that size of assets is a robust determinant of the use of bond finance. This result, together with the fact that there are few firms that are large in terms of market value, can help understand why Argentina, as well as Latin America, has small bond markets in terms of the ratio of the stock of bonds to GDP. Since firm value represents the present value of the cash flows against which the firm borrows, the outstanding stock of corporate bonds is as small as the size of Argentine firms. |
| Palabras clave: |
MERCADO FINANCIERO |
POLITICA FINANCIERA |
DEUDA |
TIPO DE CAMBIO |
EMPRESAS |
VALORES |
ACCIONES |
BONOS |
INDICADORES ECONOMICOS |
ESTUDIOS ECONOMICOS |
|
| Solicitar por: |
HEMEROTECA D + datos de Fuente |
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