Browsing by Author "Cortázar, Gonzalo"

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    • The real option value of free trade agreements 
      Cortázar, Gonzalo (Universidad de Chile. Facultad de Economía y Negocios, 1993-12)
      This purpose of this paper is to analyze the effects of exchange rate risk in the value of bilateral and multilateral trade agreements. In order to value a bilateral trade agreement we initially consider a firm that must ...
    • Thinly traded securities and risk management 
      Bernales Silva, Alejandro; Beuermann, Diether W.; Cortázar, Gonzalo (Universidad de Chile, Departamento de Economía, 2014-06)
      Thinly traded securities exist in both emerging and well developed markets. However, plausible estimations of market risk measures for portfolios with infrequently traded securities have not been explored in the literature. ...