Pricing and spread components at the Lima Stock Exchange

This paper analyses three aspects of the share market operated by the Lima Stock Exchange: (i) the short-term relationship between the pricing, direction and volume of order flows; (ii) the components of the spread and the equilibrium point of the limit order book per share, and (iii) the pricing, order direction and trading volume dynamic resulting from shocks in the same variables when lagged. The econometric results for intraday data from 2012 show that the short-run dynamic of the most and least liquid shares in the General Index of the Lima Stock Exchange is explained by the direction of order flow, whose price impact is temporary in both cases.

Determinants and home-country effects of FDI outflows: Evidence from Latin American countries

Foreign direct investment (FDI) by Latin American companies has increased sharply since the beginning of the 2000s. While most investment flows correspond to firms from large economies (i.e. Argentina, Brazil, Chile, Mexico and Colombia), small economies have also witnessed the increasing internationalisation of their domestic companies. This study examines the strategies followed by multinational enterprises (MNEs) from Latin America when they decide to invest in other countries, highlighting differences by sector and issuer-country size. To that end a new database, which comprises quantitative information on the main operations abroad of Latin American enterprises (both greenfield, and mergers and acquisitions) was constructed, based on fDi Markets and Thomson Reuters Datastream. It also investigates the home-country effects of outward foreign direct investment (OFDI) by conducting a case study of Costa Rica through a representative sample of firms investing abroad.

Costa Rica: modelos alternativos del primer nivel de atención en salud

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Modelos demográficos para la proyección de la demanda del sector social

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Evolución de los paradigmas y modelos interpretativos del desarrollo territorial

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Acerca del consumo de los nuevos modelos latinoamericanos

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Acerca de la conceptualización del comportamiento de la fecundidad en los modelos macro económico-demográficos

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Segregación residencial según dos modelos de urbanización y bienestar: estudio comparado de las áreas metropolitanas del Gran Santiago, Toronto y Vancouver

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Modelos neokeynesianos en la planeación y políticas macroeconómicas: la experiencia del ILPES

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Analisis alternativo de la tendencia futura de la mortalidad de Costa Rica a partir del empleo de tablas de vida modelos

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