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A Sharpe-Ratio-Based Measure for Currencies
(Universidade da Coruña, Servizo de Publicacións, 2015)
[Abstract] The Sharpe Ratio offers an excellent summary of the excess return required per unit of risk invested. This work presents an adaptation of the ex-ante Sharpe Ratio for currencies where we consider a random walk ...
A quick indicator of effectiveness of “capacity building” initiatives of NGOs and international organizations
(Universidade da Coruña, Servizo de Publicacións, 2015)
[Abstract] The article offers an easy-to-use indicator for scholars and practitioners to measure whether NGOs, international organizations, and government policies and projects meet the criteria for design and implementation ...
The scope of public organisations with productive functions: insights from the inefficiency of Italian local public transport
(Universidade da Coruña, Servizo de Publicacións, 2015)
[Abstract] It is a well-known fact that reforms necessary to enhance competition and make the economy more attractive play a major role in the Government activity in Europe. Considering the Italian state of affairs, this ...
Bed capacity and surgical waiting lists: a simulation analysis
(Universidade da Coruña, Servizo de Publicacións, 2015)
[Abstract] Waiting time for elective surgery is a key problem in the current medical world. This paper aims to reproduce, by a Monte Carlo simulation model, the relationship between hospital capacity, inpatient activity, ...
Does debt predict growth? An empirical analysis of the relationship between total debt and economic output
(Universidade da Coruña, Servizo de Publicacións, 2015)
[Abstract] Although the recent global financial crisis has stimulated a vast amount of research on the impact of public debt on economic growth and also increasingly on the role of private credit, the total levels of ...
The role of political competition in the link between electoral systems and corruption: an extension
(Universidade da Coruña, Servizo de Publicacións, 2015)
[Abstract] This work provides an extension to an international context of the analysis made by Alfano, Baraldi and Cantabene (2013) on the role of political competition as a channel through which electoral systems affect ...
Impact of good governance in the economic development of Western Balkan countries
(Universidade da Coruña, Servizo de Publicacións, 2015)
[Abstract] After the socio-economic transformation and the establishment of the free market institutions, the development and improvement of living standards in post transition economies are deemed to depend more and more ...
Inhibited privatization: a hurdle race over vested interests
(Universidade da Coruña, Servizo de Publicacións, 2015)
[Abstract] This paper recognizes vested interests as one of the primary premises that reduce the effectiveness of privatization policy, stall its momentum and produce structural problems in the long-run. Both exogenous and ...
A first formal approach to animal spirits beyond uncertainty
(Universidade da Coruña, Servizo de Publicacións, 2015)
[Abstract] Standard Macroeconomics treats animal spirits as a source of uncertainty disturbing otherwise rational expectations. But, Keynesian animal spirits ensue from suboptimal emotional responses to socioeconomic status ...