Publications and Working Papers
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- Published and Forthcoming Papers
- The Predictive Power of the Term Spread revisited: A Change in the Sign of the Predictive Relationship
. Applied Financial Economics, forthcoming.
- Exchange rate and inflation
dynamics in dollarized economies (with Luis Carranza and José Enrique
Galdón Sánchez). Journal of
Development Economics, forthcoming.
- Financial liberalization,
stock market volatility and outliers in emerging economies (with Juncal
Cuñado and Fernando Pérez de Gracia). Applied
Financial Economics, forthcoming.
- Accounting measures and
international pricing models: justifying accounting homogeneity (with
Germán López). Journal of
Accounting and Public Policy, forthcoming.
- The influence of
differences in accounting standards on empirical pricing models (with
Germán López). Journal of
Multinational Financial Management, forthcoming
- Changes in the
informational content of term spreads: is monetary policy becoming less
effective? Journal of Economics and
Business, forthcoming.
- Changes in the Dynamic
Behavior of Emerging Market Volatility: Revisiting the Effects of
Financial Liberalization (with Juncal Cuñado and
Fernando Pérez de Gracia), Emerging Markets Review
7 (2006), 261-278.
- Exchange Rate Behavior and
Exchange Rate Puzzles: Why the XVIII Century Might Help (with Rafael
Torres and Fernando Pérez de Gracia), Revista de
Historia Económica XXIII, 143-174.
- Nonparametric Estimation of
Convergence of Interest Rates: Effects on Bond Pricing (with Teresa
Corzo), Spanish Economic Review 7:3 (2005), 167-190.
- Structural Changes in
Volatility and Stock Market Development: Evidence for Spain: Evidence for
Spain (with Juncal Cuñado and Fernando Perez de Gracia), Journal
of Banking and Finance 28:7 (2004), 1745-1773.
- Stock Market Development
and Stock Market Cycles in Spain (with Fernando Perez de Gracia), Spanish
Economic Review 6:2 (2004), 127-151.
- Stock Market Cycles, Financial
Liberalization and Volatility (with Sebastian Edwards
and Fernando Perez de Gracia), Journal of International Money and
Finance 22:7 (2003), 925-955.
- Role of the
Internationalization Process in the Performance of Newly
Internationalizing Firms (with George S. Yip and Joe S. Monti), Journal
of International Marketing 8 (2000), pp. 10-35. (This paper has been
awarded the 2000 Hans B. Thorelli Best Paper Award for the
"Most significant contribution to international marketing theory or
thought" given at the AMA Meetings in Washington, August 2001).
- Nonparametric Estimation of
Interest Rates Processes in Europe (with Teresa Corzo),
Revista de Economia Aplicada 27 (2001), pp. 83-101.
- Other Published Papers
- Rationality
and Economics: An essay on Methodology and Psychology
Boletin de Estudios Economicos 170 (August-2000), pp. 303-332.
- Stock Market Volatility and
The Great Moderation: New Evidence Based on the G-7 Economies, in Emma J. Fuchs and Finn Braun (eds.) Emerging Topics in Banking and Finance.
Nova Science Publishers.
- Financial
Development and the Asymmetry of Monetary Policy (with Luis
Carranza and José E. Galdón-Sánchez). Submitted.
- Monetary
policy and structural changes in the volatility of US interest rates
(with Juncal Cuñado and Fernando Perez de Gracia, WP FUNCAS nº 325, May
2007). Revise and resubmit.
- The
accounting dimension in financial integration: International pricing
under different accounting standards (with Germán López). Submitted.
- Learning
about the relationship between Financial development and Monetary Policy
Effectiveness (with Luis Carranza and José E. Galdon-Sanchez). Submitted.
- The
relationship between investment and large exchange rate depreciations in
dollarized economies (with Luis Carranza and José E. Galdon-Sanchez).
Submitted.
- Money
demand accomodation: 1970-2000 (with Antonio Moreno and Fernando Pérez de
Gracia). Submitted.
- In progress
- Fundamentals
and the accruals puzzle (with German Lopez Espinosa)
- Methodological
aspects of cointegration (with Javier Hualde)
- High
Liability Dollarization and Stock market performance (with Fernando Pérez
de Gracia)