degree in Finance and Economics from CEMFI
and a PhD in Finance from Universidad Carlos III de Madrid.
"Royalty Stacking in High Tech Industries: Separating Myth from Reality," CEMFI
Working Paper No.
Entrepreneurs, Optimism and The Competitive Edge, Boston University and CEMFI
"The Procyclical Effects of Bank Capital Regulation," CEMFI
JORGE PADILLA, Economist, LECG Europe; Associate Professor, Barcelona Graduate School of Economics; and Research Fellow, CEMFI
(Madrid) and CEPR (London).
Alvarez, Javier y Manuel Arellano (2002), "The Time Series and Cross-Section Asymptotics of Dynamic Panel Data Estimators", mimeo., Universidad de Alicante y cemfi
El profesor de Economia del CEMFI
de Madrid, Manuel Arellano, escribio que la primera caracteristica comun que el resaltaria de Heckman y McFadden es que <<se trata de humanistas con una preocupacion genuina por la resolucion de problemas sociales y no de aficionados a la tecnica por la tecnica>>.
(2004), 'Loan pricing under Basel capital requirements', CEMFI
, Madrid, mimeo, July.
I would like to thank Rafael Repullo, Pierre Sarte, Javier Suarez, John Walter, John Weinberg, and seminar participants at CEMFI
for helpful comments.
(1) An earlier version of this paper was the thesis of CEMFI
post graduate course of one of the authors.
He is grateful to the Bank of Spain and the Centre de Recerca en Economia Internacional, Universitat Pompeu Fabra, as well as Chris Waller and participants at the Federal Reserve Bank of Saint Louis annual conference, and seminar participants at the Bank of Italy, Rome and CEMFI
, Madrid for helpful comments and suggestions.
This paper is partially based on a research project started while the author was at CEMFI