La AEEFI edita una serie electrónica de documentos de trabajo: los Documentos de Economía y Finanzas Internacionales (DEFI), cuyo objetivo es difundir los trabajos originales de investigación realizados por los miembros de la Asociación. Los DEFIs, con ISSN 1696-6376, se distribuyen a través de la red RePEc.
Los DEFIs se someten a evaluación externa anónima. Cualquier propuesta debe enviarse a la dirección mprats@um.es.
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2018 / DEFI 18-04
Brain Drain or Brain Gain? International labor mobility and human capital formation
Anelí Bongersy, Carmen Díaz-Roldán, José L. Torres -
2018 / DEFI 18-03
A multi-country analysis of austerity policies in the European Union
Oscar Bajo-Rubio, Antonio G. Gómez-Plana -
2018 / DEFI 18-02
Highly Skilled International Migration, STEM Workers, and Innovation
Anelí Bongersy, Carmen Díaz-Roldán, José L. Torres -
2018 / DEFI 18-01
Time-varying cointegrating regression analysis with an application to the long-run interest rate pass-through in the Euro Area
Julio A. Afonso-Rodríguez., María Santana-Gallego -
2017 / DEFI 17-03
Systemic banks, capital composition and CoCo bonds issuance: The effects on bank risk
Victor Echevarria Icaza, Simón Sosvilla-Rivero -
2017 / DEFI 17-02
Inflation, real economic growth and unemployment expectations: An empirical analysis based on the ECB Survey of Professional Forecasters
María del Carmen Ramos-Herrera, Simón Sosvilla-Rivero -
2017 / DEFI 17-01
Yields on sovereign debt, fragmentation and monetary policy transmission in the euro area: A GVAR approach
Victor Echevarria Icaza, Simón Sosvilla-Rivero -
2016 / DEFI 16-11
House prices and capital inflows in Spain during the boom: evidence from a cointegrated VAR and a Structural Bayesian VAR
Juan Carlos Cuesta -
2016 / DEFI 16-10
Changes in sovereign debt dynamics in Central and Eastern Europe
Juan Carlos Cuesta -
2016 / DEFI 16-09
Stock market and economic growth in Eastern Europ
Maria A. Prats, Beatriz Sandoval -
2016 / DEFI 16-07
Desarrollo de la Banca Islámica. El Caso de Indonesia. Contexto y evolución
Jaime Alcaide Arranz -
2016 / DEFI 16-06
Public debt and economic growth: An empirical evaluation
María del Carmen Ramos-Herrera, Simón Sosvilla-Rivero -
2016 / DEFI 16-05
Complex Internationalization Strategies and Firm Export Dynamics: Crisis and Recovery
David Córcoles, Carmen Díaz-Mora*, Rosario Gandoy -
2016 / DEFI 16-04
The literature on the interaction of fiscal risk and financial stability– a survey
Victor Echevarria Icaza -
2016 / DEFI 16-03
Fiscal fatigue and debt sustainability: Empirical evidence from the Eurozone 1980-2013
Victor Echevarria Icaza -
2016 / DEFI 16-02
Demand for sovereign bonds in the periphery: a regime-switching approach
Victor Echevarria Icaza -
2016 / DEFI 16-01
Connectedness of stress in EMU bank and sovereign CDS: the role policy measures 2008-2014
Victor Echevarria Icaza, Simón Sosvilla-Rivero -
2015 / DEFI 15-11
Why do empirical tests tend to accept the NEG? An alternative approach to the ‘wage equation’ in European regions
Fernando Bruna -
2015 / DEFI 15-10
Redes Transnacionales de Producción en la Unión Europea: Economías Centrales VS Periferias Este y Sur
Erena Mª García López, Carmen Díaz-Mora -
2015 / DEFI 15-09
Detection of Implicit Fluctuation Bands in The European Union Countries
Simón Sosvilla-Rivero, María del Carmen Ramos-Herrera -
2015 / DEFI 15-08
Detection of Implicit Fluctuation Bands and their Credibility in Candidate Countries
Simón Sosvilla-Rivero, María del Carmen Ramos-Herrera -
2015 / DEFI 15-07
Impact of the economic integration in the international economic structure. The case of international mergers and acquisitions of Spanish multinational firms
David de Matías Batalla -
2015 / DEFI 15-06
On the bi-directional causal relationship between public debt and economic growth in EMU countries
Marta Gómez-Puig, Simón Sosvilla-Rivero -
2015 / DEFI 15-05
The failure of the monetary model of exchange rate determination
Dinçer Afat , Marta Gómez-Puig, Simón Sosvilla-Rivero -
2015 / DEFI 15-04
Spanish multinational firm and its internationalization process
David de Matías Batalla -
2015 / DEFI 15-03
Volatility spillovers in EMU sovereign bond markets
Fernando Fernández-Rodríguez, Marta Gómez-Puig, Simón Sosvilla-Rivero -
2015 / DEFI 15-02
Financial stress transmission in EMU sovereign bond market volatility: A connectedness analysis
Fernando Fernández-Rodríguez, Marta Gómez-Puig, Simón Sosvilla-Rivero -
2015 / DEFI 15-01
Sovereigns and banks in the euro area: A tale of two crises
Marta Gómez-Puig, Simón Sosvilla-Rivero, Manish K. Singh -
2014 / DEFI 14-11
Fiscal policy and the real exchange rate: Some evidence from Spain
Oscar Bajo-Rubio, Burcu Berke -
2014 / DEFI 14-10
Forward looking banking stress in EMU countries
Manish K. Singh, Marta Gómez-Puig, Simón Sosvilla-Rivero -
2014 / DEFI 14-09
On the employment effects of outward FDI: The case of Spain, 1995-2011
Oscar Bajo-Rubio, Carmen Díaz-Mora -
2014 / DEFI 14-08
EMU sovereign debt market crisis: Fundamentals-based or pure contagion?
Marta Gómez-Puig, Simón Sosvilla-Rivero -
2014 / DEFI 14-07
An update on EMU sovereign yield spread drivers in times of crisis: A panel data analysis
Marta Gómez-Puig, Simón Sosvilla-Rivero, María del Carmen Ramos-Herrera -
2014 / DEFI 14-06
A contribution to the empirics of convergence in real GDP growth: The role of financial crises and exchange-rate regimes
Amalia Morales-Zumaquero, Simón Sosvilla-Rivero -
2014 / DEFI 14-05
Dollarization and the relationship between EMBI and fundamentals Latin American countries
María Lorena Mari del Cristo, Marta Gómez-Puig -
2014 / DEFI 14-04
Mixed effects of low-cost airlines on tourism in Spain
Rafael L. Myro, Belén Rey, Pablo I. Hernández -
2014 / DEFI 14-03
Causality and Contagion in EMU Sovereign Debt Markets
Marta Gómez-Puig, Simón Sosvilla-Rivero -
2014 / DEFI 14-02
Exchange-rate regimes and inflation: An empirical evaluation
Simón Sosvilla-Rivero, María del Carmen Ramos-Herrera -
2014 / DEFI 14-01
Exchange-rate regimes and economic growth: An empirical evaluation
Simón Sosvilla-Rivero, María del Carmen Ramos-Herrera -
2013 / DEFI 13-08
On the relationship between exchange rates and external imbalances: East and Southeast Asia
Juan Carlos Cuestas, Paulo José Regis -
2013 / DEFI 13-07
May austerity be counterproductive?
Pablo García Sánchez, Miguel Sebastián -
2013 / DEFI 13-06
Fiscal dynamics in a dollarized, oil-exporting country: Ecuador
María Lorena Marí Del Cristo, Marta Gómez-Puig -
2013 / DEFI 13-05
The impact of FTAs on MENA trade in industrial and agricultural products
M. D. Parra, I. Martínez-Zarzoso, C. Suárez-Burguet -
2013 / DEFI 13-04
The present value model of U.S. stock prices revisited: long-run evidence with structural breaks, 1871-2010
Vicente Esteve, Manuel Navarro-Ibáñez, María A. Prats -
2013 / DEFI 13-03
Product sophistication: A tie that binds partners in international production sharing
David Córcoles, Carmen Díaz-Mora, Rosario Gandoy -
2013 / DEFI 13-02
Alternative strategies to reduce public deficits: Taxes vs. spending
Oscar Bajo-Rubio, Antonio G. Gómez-Plana -
2013 / DEFI 13-01
A non-linear approach with long range dependence based on Chebyshev polynomials
Juan Carlos Cuestas, Luis A. Gil-Alana -
2012 / DEFI 12-06
Balance-constrained growth rates: generalizing Thirlwall?s law
Oscar Bajo-Rubio -
2012 / DEFI 12-05
Real exchange rate volatility, financial crises and nominal exchange regimes
Amalia Morales-Zumaquero, Simón Sosvilla-Rivero -
2012 / DEFI 12-04
Genetic algorithm for arbitrage with more than three currencies
Adrián Fernández-Pérez, Fernando Fernández-Rodríguez, Simón Sosvilla-Rivero -
2012 / DEFI 12-03
Export Survival in Global Value Chains
David Córcoles, Carmen Díaz-Mora, Rosario Gandoy -
2012 / DEFI 12-02
On the forecast accuracy and consistency of exchange rate expectations: The Spanish PwC Survey
Simón Sosvilla-Rivero, Maria del Carmen Ramos-Herrera -
2012 / DEFI 12-01
Inflation convergence in Central and Eastern Europe with a view to adopting the euro
Juan Carlos Cuestas, Luis A. Gil-Alana, Karl Taylor -
2011 / DEFI 11-09
Hysteresis and Import Penetration with Decreasing Sunk Costs
Henry Aray -
2011 / DEFI 11-08
Historical financial analogies of the current crisis
Julián Andrada-Félix, Fernando Fernández-Rodríguez, Simón Sosvilla-Rivero -
2011 / DEFI 11-07
Sustainability of external imbalances in the OECD countries
Oscar Bajo-Rubio, Carmen Díaz-Roldán, Vicente Esteve -
2011 / DEFI 11-06
Causality and contagion in peripheral EMU public debt markets: A dynamic approach
Marta Gómez-Puig, Simón Sosvilla-Rivero -
2011 / DEFI 11-05
Do exports cause growth? Some evidence for the new EU members
Oscar Bajo-Rubio, Carmen Díaz-Roldán -
2011 / DEFI 11-04
Economic growth and the balance-of-payments constraint: The case of the Spanish regions, 1988-2008
Oscar Bajo-Rubio, Carmen Díaz-Roldán -
2011 / DEFI 11-03
Volatility in EMU sovereign bond yields: Permanent and transitory components
Simón Sosvilla-Rivero, Amalia Morales-Zumaquero -
2011 / DEFI 11-02
Wage assimilation of immigrants in Spain
Zenón Jiménez-Ridruejo, Carlos Borondo Arribas -
2011 / DEFI 11-01
The US Dollar-Euro exchange rate and US-EMU bond yield differentials: A Causality Analysis
Simón Sosvilla-Rivero, María del Carmen Ramos-Herrera -
2010 / DEFI 10-10
The balance-of-payments constraint on economic growth in a long-term perspective: Spain, 1850-2000
Oscar Bajo-Rubio -
2010 / DEFI 10-09
External imbalances in a monetary union. Does the Lawson doctrine apply to Europe?
Mariam Camarero, Josep Lluís Carrion-i-Silvestre, Cecilio Tamarit -
2010 / DEFI 10-08
The Spanish term structure of interest rates revisited: cointegration with multiple structural breaks, 1974-2010
Vicente Esteve, Manuel Navarro-Ibáñez, María A. Prats -
2010 / DEFI 10-07
The link between immigration and trade in developing countries
José Vicente Blanes Cristóbal -
2010 / DEFI 10-06
Bilateral trade flows and income-distribution similarity
Inmaculada Martínez-Zarzoso, Sebastian Vollmer -
2010 / DEFI 10-05
Markups, bargaining and offshoring: An empirical assessment
Lourdes Moreno, Diego Rodríguez -
2010 / DEFI 10-04
Government deficit sustainability, and monetary versus fiscal dominance: The case of Spain, 1850-2000
Oscar Bajo-Rubio, Carmen Díaz-Roldán, Vicente Esteve -
2010 / DEFI 10-03
On the sustainability of government deficits: Some long-term evidence for Spain, 1850-2000
Oscar Bajo-Rubio, Carmen Díaz-Roldán, Vicente Esteve -
2010 / DEFI 10-02
Revisiting Rose’s common currency debate
María Santana-Gallego, Francisco J. Ledesma-Rodríguez, Jorge V. Pérez-Rodríguez -
2010 / DEFI 10-01
The euro and the volatility of exchange rates
Amalia Morales-Zumaquero, Simón Sosvilla-Rivero -
2007 / DEFI 07-09
Trade growth in a heterogeneous firm model: Evidence from South Eastern Europe
d' Artis Kancs -
2007 / DEFI 07-08
Foreign direct investment and regional growth: An analysis of the Spanish case
Oscar Bajo-Rubio, Carmen Díaz-Mora, Carmen Díaz-Roldán -
2007 / DEFI 07-07
On the impact of exchange rate regimes on tourism
María Santana Gallego, Francisco J. Ledesma-Rodríguez, Jorge V. Pérez-Rodríguez -
2007 / DEFI 07-06
Post-EMS Exchange Risk Trends: A comparative Perspective between Euro, British Pound and Japanese Yen Excess Returns against US Dollar
Yolanda Santana- Jiménez, Jorge V. Pérez- Rodríguez -
2007 / DEFI 07-05
Political and Institutional Factors in Regime Changes in the ERM: An Application of Duration Analysis.
Simón Sosvilla-Rivero, Francisco Pérez-Bermejo -
2007 / DEFI 07-04
Demand Shocks and Trade Balance Dynamics
José García-Solanes, Jesús Rodríguez, José L. Torres -
2007 / DEFI 07-03
EU-15 Sovereign Government? Cost of Borrowing After Seven Years of Monetary Union
Marta Gómez-Puig -
2007 / DEFI 07-02
Fiscal harmonization in the presence of public inputs
Gonzalo Fernández de Córdoba, José L. Torres -
2007 / DEFI 07-01
Deficit sustainability and inflation in EMU: An analysis from the fiscal theory of the price level
Oscar Bajo-Rubio, Carmen Díaz-Roldán, Vicente Esteve -
2006 / DEFI 06-05
On Distributed Lags in Dynamic Panel Data Models: Evidence from Market Shares
Felicitas Nowak-Lehmann D., Dierk Herzer, Sebastian Vollmer, Inmaculada Martínez-Zarzoso -
2006 / DEFI 06-04
The real exchange rate of the dollar for a panel of OECD countries: Balassa-Samuelson or distribution sector effect?
Mariam Camarero -
2006 / DEFI 06-03
Following the yellow brick road? The Euro, the Czech Republic, Hungary and Poland
Jesús Rodríguez López, José Luis Torres -
2006 / DEFI 06-02
Coagglomeration and Spillovers
Salvador Barrios, Luisito Bertinelli, Eric Strobl -
2006 / DEFI 06-01
Climatic Change and Rural-Urban Migration: The Case of Sub-Saharan Africa
Salvador Barrios, Luisito Bertinelli, Eric Strobl -
2005 / DEFI 05-13
The Balassa-Samuelson effect and the wage, price and unemployment dynamics in Spain
Katarina Juselius, Javier Ordóñez -
2005 / DEFI 05-12
Characterizing macroeconomic shocks in the CEECs
Oscar Bajo-Rubio, Carmen Díaz-Roldán -
2005 / DEFI 05-11
The Impact of Monetary Union on EU-15 Sovereign Debt Yield Spreads
Marta Gómez-Puig -
2005 / DEFI 05-10
Determinants of regional integration agreements in a discrete choice framework: Re-Examining the evidence
Laura Márquez-Ramos, Inmaculada Martínez-Zarzoso, Celestino Suárez-Burguet -
2005 / DEFI 05-09
Immigrant?s Characteristics and its different effects on bilateral trade
José Vicente Blanes-Cristóbal -
2005 / DEFI 05-08
Vulnerability to shocks in EMU: 1991-2004
Oscar Bajo-Rubio, Carmen Díaz-Roldán -
2005 / DEFI 05-07
Determinants of outsourcing production: A Dynamic Panel Data Approach for Manufacturing Industries
Carmen Díaz-Mora -
2005 / DEFI 05-06
Trade types with developed and developing countries: what can we learn from Spanish data?
Juliette Milgram Baleix, Ana I. Moro-Egido -
2005 / DEFI 05-05
Monetary integration and the cost of borrowing
Marta Gómez-Puig -
2005 / DEFI 05-04
Paths of Development in Open Economies: The Role of Land
María Dolores Guilló, Fidel Perez-Sebastian -
2005 / DEFI 05-03
Regímenes cambiarios de iure y de facto. El caso de la Peseta/Dólar, 1965-1998
Francisco J. Ledesma-Rodríguez, Manuel Navarro-Ibáñez, Jorge V. Pérez-Rodríguez, Simón Sosvilla-Rivero -
2005 / DEFI 05-02
Testing the Balassa-Samuelson hypothesis in two different groups of countries: OECD and Latin America
José García Solanes, Fernando Torrejón Flores -
2005 / DEFI 05-01
Some critics to the contagion correlation test
Sarai Criado Nuevo -
2004 / DEFI 04-03
Is the foreign capital leaving industrialized countries? The case of Spain
Carlos M. Fernández-Otheo, Rafael Myro -
2004 / DEFI 04-02
Price-Cost Margins and Economic Integration: How Important is the Pro-Competitive Effect?
Oscar Bajo-Rubio, Carmen Díaz-Roldán, Antonio G. Gómez-Plana -
2004 / DEFI 04-01
An empirical examination of exchange-rate credibility determinants in the EMS
Francisco Ledesma-Rodríguez, Jorge Pérez-Rodríguez, Simón Sosvilla-Rivero -
2003 / DEFI 03-04
Monetary Union and productivity differences in Mercosur countries
Mariam Camarero, Renato G. Flôres, Jr., Cecilio R. Tamarit -
2003 / DEFI 03-01
Return to Tourist Destination. Is it Reputation, After All?
Francisco J. Ledesma, Manuel Navarro, Jorge V. Pérez-Rodríguez -
2002 / DEFI 02-05
Regimen changes and duration in the European Monetary System
Simón Sosvilla-Rivero, Reyes Maroto Illera -
2002 / DEFI 02-04
Asymmetries in the Cyclical Effects of Monetary Policy on Output: Some European Evidence
Ramón María-Dolores -
2002 / DEFI 02-03
Optimal Oil Taxation in a Small Open Economy
Carlos de Miguel, Baltasar Manzano -
2002 / DEFI 02-02
Foreign Direct Investment in a Process of Economic Integration: The Case of Spanish Manufacturing, 1986-1992
Oscar Bajo-Rubio, Carmen López-Pueyo -
2002 / DEFI 02-01
Inward foreign direct investment and imports in Spain
M. T. Alguacil, Vicente Orts -
2001 / DEFI 01-08
A panel cointegration approach to the estimation of the peseta real exchange rate
Mariam Camarero, Cecilio Tamarit -
2001 / DEFI 01-07
Economic Integration and Banking Mergers Strategies
José García Solanes, Diego Peñarrubia -
2001 / DEFI 01-06
A general framework for the macroeconomic analysis of monetary unions
Oscar Bajo-Rubio, Carmen Díaz-Roldán -
2001 / DEFI 01-05
Intertemporal current account and productivity shocks: evidence for some European countries
Fernando Pérez de Gracia, Juncal Cuñado -
2001 / DEFI 01-04
Business cycle speculative pressures in a target zone
M. Isabel Campos López, M. Araceli Rodríguez López -
2001 / DEFI 01-03
The changing behavior of the term estructure of post-war U.S. interest rates and changes in the Federal Reserve Chairman: is there a link?
María José Gutiérrez, Jesús Vázquez -
2001 / DEFI 01-02
Do oil price shocks matter? Evidence for some European countries
Juncal Cuñado, Fernando Pérez de Gracia -
2001 / DEFI 01-01
Has 1997 Asian Crisis increased Information Flows between International Markets?
Francisco J. Climent, Vicente Meneu -
2000 / DEFI 00-09
Coordination of fiscal policies in a monetary union
Carmen Díaz-Roldán -
2000 / DEFI 00-08
Insurance mechanisms against asymmetric shocks in a monetary union: A proposal with an application to EMU
Oscar Bajo-Rubio, Carmen Díaz-Roldán -
2000 / DEFI 00-07
Were the peseta exchange rate crises forecastable during target zone period?
M. Isabel Campos, Zenón Jiménez-Ridruejo -
2000 / DEFI 00-06
Uniform output subsidies in an economic union with firms heterogeneity
Bernardo Moreno, José L. Torres -
2000 / DEFI 00-05
Crises and credibility in a target zone: A logit from a Markow-Switching model
M. Isabel Campos, M. Araceli Rodríguez -
2000 / DEFI 00-04
International transmission of monetary shocks with interest rate rule
Carlos Borondo -
2000 / DEFI 00-03
Domestic and foreign price-marginal cost margins: An application to Spain manufacturing firms
Lourdes Moreno Martín, Diego Rodríguez Rodríguez -
2000 / DEFI 00-02
Technical analysis in foreign exchange markets: linear versus nonlinear trading rules
Fernando Fernández-Rodríguez, Simón Sosvilla-Rivero, Julián Andrada-Félix -
2000 / DEFI 00-01
A quantitative analysis of the effects of capital controls: Spain 1986-1990
Oscar Bajo-Rubio, Simón Sosvilla-Rivero