Los rostros de la comunión : una propuesta sistemática a partir de la teología de Yves M. J. Congar

Resumen: El autor hace una relectura del pensamiento de Yves Marie-Joseph Congar sobre la comunión eclesial proponiendo una nueva sistematización en torno a la idea de “rostros”. Esto permitirá recorrer los temas fundamentales del teólogo francés: la comunión como vínculo con el misterio trinitario (rostro teológico), como vínculos al interno del Pueblo de Dios (rostro eclesiológico), como diálogo y comunión con el mundo (rostro pastoral), como continuidad y novedad en una Tradición eclesial (rostro histórico-tradicional) y como búsqueda de unidad plena con los demás cristianos (rostro ecuménico). Este texto intenta recuperar el valioso aporte de uno de los activos protagonistas del Vaticano II para mirar con esperanza los desafíos de la eclesiología post-conciliar.

Asset pricing and systematic liquidity risk: an empirical investigation of the Spanish stock market

Systematic liquidity shocks should affect the optimal behavior of agents in financial markets. Indeed, fluctuations in various measures of liquidity are significantly correlated across common stocks. Accordingly, this paper empirically analyzes whether Spanish average returns vary cross-sectionally with betas estimated relative to two competing liquidity risk factors. The first one, proposed by Pastor and Stambaugh (2002), is associated with the strength of volume-related return reversals. Our marketwide liquidity factor is defined as the difference between returns highly sensitive to changes in the relative bid-ask spread and returns with low sensitivities to those changes. Our empirical results show that neither of these proxies for systematic liquidity risk seems to be priced in the Spanish stock market. Further international evidence is deserved.

Proceedings of the Indian Ocean Conference: Forging Unity: Coastal Communities and the Indian Ocean's Future

This is the proceedings of the Indian Ocean Conference "Forging Unity: Coastal Communities and the Indian Ocean's Future". It contains papers, presentations and vision statement of the conference.