On the efectiveness of several market integration measures: an empirical analysis

Many market integration measures are operationalized to compute their numerical values during a period characterized by the lack of stability ad market turmoil. The results of the tests give their degree of effectiveness, and reveal that the measures based on the principles of asset valuation, versus statistical measures, more clearly yield the level of integration of financial markets. Besides, cross market arbitrage-linked measures and equilibrium models-linked measures provide complementary information and reflect different properties, and consequently, both types of measures may be useful in practice

Sobre los diques clásticos de Tierra del Fuego

Fil: Borrello, Ángel Vicente. División Geología, Facultad de Ciencias Naturales y Museo, Universidad Nacional de La Plata, Argentin

Ciencia de la carne y Proteómica

Comunicaciones a congreso

Objective Competitiveness Ranking amongst EU Regions (Objective Method for Quantifying Regional Competitiveness - a case study applied to EU15 Regions)

Nowadays the key target of Cohesion Policy is to promote the creation of conditions to improve the growth, and to increase the factors that lead to a real convergence (Economic and Social Cohesion). An important group of these factors is found when considering the competitivity of a Region that implies, (even whitout existintg a clear definition), to consider at the same time two different levels: - The first one through the specific factors to improve the development of the resident managerial weave (Innovation, Research & Development, enterprises nets, labour market, training, support in the use of new technologies, servicies to entreprises, etc.). – The second one, improving the enviromental conditions for the development of such an managerial activity (Transport and comunication infrastructures, environment and sustainable developpment ,use of renewable energies, etc.) The objetcive of the present paper is to propose an objective way to consider the totalitiy of factors simultaneously, in order to obtain a ranking of the of the regional competitivity, and to study his changes in the time. For this, it will be used the data base “REGIO” and techniques of ranking belonging to multicriteria decision making. The analyzed period is from 1987 to 2002 which shows interesting results mainly when compared with other analyses carried out.

Pricing intraday dynamics across EUAS and CERS markets

The relative contribution of European Union Allowances (EUAs) and Certified Emission Reductions (CERs) to the price discovery of their common true value has been empirically studied using daily data with inconclusive results. In this paper, we study the short-run and long-run price dynamics between EUAs and CERs future contracts using intraday data. We report a bidirectional feedback causality relationship both in the short-run and in the long-run, with the EUA's market being the leader