Publications and Working
Papers
Published
and Forthcoming Papers
- The Risk Implications
of the Business Loan Activity in Credit Unions with Germán López-Espinosa
and Andrés Mesa-Toro, Journal of
Financial Stability 56, 100932.
- Drivers of Depositor Discipline
in Credit Unions with Germán López-Espinosa and Andrés Mesa-Toro, Annals of Public and Cooperative
Economics, forthcoming.
- Bank Earnings and
Regulatory Capital Management using Available for Sale Securities *with
Mary E. Barth, Ron Kasznik and Germán López-Espinosa), Review of Accounting Studies 22 No.
4 (2017), 1761-1792.
- Regression-based analysis of cointegration systems (with Javier
Hualde). Journal of Econometrics 186 (2015), 32-50.
- A residual-based ADF test for stationary cointegration in I(2) systems (with Javier Hualde). Journal of
Econometrics 184:2 (2015), 280-294.
- The relationship
between investment and large exchange rate depreciations in dollarized
economies (with Luis Carranza and José E. Galdon-Sanchez). Journal of
International Money and Finance 30 (2011), 1265-1279.
- Learning about the
relationship between financial development and Monetary Policy
Effectiveness (with Luis Carranza and José E. Galdon-Sanchez). Review
of International Economics 18:5 (2010), 849-864.
- Money Demand Accommodation:
Impact on Macro Dynamics and Policy Consequences (with Antonio Moreno and
Fernando Pérez de Gracia). Journal of Policy Modeling 32 (2010),
138-154.
- The Predictive Power of the Term Spread revisited: A Change in the
Sign of the Predictive Relationship. Applied Financial Economics
19:14 (2009), 1-12.
- Exchange rate
and inflation dynamics in dollarized economies (with Luis Carranza and
José Enrique Galdón Sánchez). Journal of
Development Economics 89:1
(2009), 98-108.
- Financial
liberalization, stock market volatility and outliers in emerging economies
(with Juncal Cuñado and Fernando Pérez de Gracia). Applied Financial Economics, 19 (2009), 809-823.
- Accounting
measures and international pricing models: justifying accounting
homogeneity (with Germán López). Journal
of Accounting and Public Policy 27 (2008), 339–354.
- The influence
of differences in accounting standards on empirical pricing models (with
Germán López). Journal of Multinational
Financial Management 18:4 (2008), 369-388.
- Changes in the
informational content of term spreads: is monetary policy becoming less
effective? Journal of Economics and
Business 60 (2008), 415–435.
- 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.
- 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
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), 10-35. (This paper was 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).
In
progress or submitted to journals
·
Accounting
- Earnings management in US credit unions
(with Andrés Mesa and Germán López). Submitted.
- The (earnings) management of deposit growth
(with Florencio López de Silanes and Germán López). Submitted.
- The remuneration motivation for earnings
management in credit unions (with Andrés Mesa and Germán López). In progress.
- Identifying the effect of religious beliefs
on financial disclosure: the case of credit unions (with Andrés Mesa and Germán
López). In progress.
·
Econometrics
- Regression-based analysis of I(2) cointegrated systems (with Javier Hualde). In progress.
Other Published Papers
- Financial crises and the transfer of risk between the private and
public sectors: Evidence from European financial markets (with Teresa
Corzo and Laura Lazcano). Spanish Review of Financial Economics
1:12 (2014), 1-14.
- 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.
- Accounting Harmonization
and Financial Pricing Models: A Review (with Germán López Espinosa), in Aleksei
Solovyov and Ilia Kuznetsov (eds.)
International Accounting in the 21st Century. Nova Science Publishers
Inc.
- The Dynamic Behavior of
Oil Price Volatility (with Juncal Cuñado and Fernando Pérez de Gracia), in
Edward R. Pitt and Christopher N. Leung (eds.) OPEC, Oil Prices and LNG. Nova Science Publishers, Inc.
- Nonparametric
Estimation of Convergence of Interest Rates: Effects on Bond Pricing (with
Teresa Corzo), Spanish Economic Review 7:3 (2005), 167-190.
- Stock Market
Development and Stock Market Cycles in Spain (with Fernando Perez de
Gracia), Spanish Economic Review 6:2 (2004), 127-151.
- 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 Interest Rates Processes in Europe (with Teresa Corzo), Revista
de Economia Aplicada 27 (2001), 83-101.
- Rationality and
Economics: An essay on Methodology and Psychology Boletin de Estudios
Economicos 170 (August-2000), pp. 303-332.