BAExpats Econ & Politics Meeting

[Canick]

Is the meeting in English? People that are interested in the topic but have no knowledge on the topic allowed?

english and i'm going to learn too, so no worries!
right GS?

 

[expatinowncountry]

Sorry to hijack this post, but I think this is relevant if you would discuss the K's economy on Tuesday.

For those interested in economics and politics in Latin America, Universidad de Buenos Aires (Av. Cordoba 2122) is organizing a seminar this coming Monday 22nd of October at 19:00hs (7pm). The seminar will take place in the Salon de Usos Múltiples (SUM, 1st floor of old building). If you are interested, just show up on time. No fees, No RSVP.

In all likelihood it will be in Spanish but I am sure the authors will be happy to answer questions in English.

Here is the abstract of the paper:
Grading Latin American Presidents: A View from the Stock Markets
We use stock returns to grade presidential economic performance. In efficient markets, asset prices are unique in that they impound the long term effects of changes in the environment, including government policy. To purge national returns of state-of-the-world conditions that do not result from local events, we introduce a global twin portfolio and a regional return. The twin portfolio for a country reports the return of a combination of world stocks that each month has the same industrial composition as that one country’s stock index. These benchmark external conditions are most volatile: they vary between a 295% appreciation (or tailwind under some interpretations) and a 30% reduction (or headwind) in asset prices over extreme four-year presidencies in our sample. We interpret the gap of national performance over these counterfactual returns as a proxy for the quality of domestic policies during a given presidency, as seen from the standpoint of equity investors. We apply this approach to seven Latin American countries from 1980 until 2011. From this perspective, Colombia, Peru and Chile stand out as the countries that have implemented the best long run policies over the sample. In addition, we provide a grading of relative presidential performance.

Authors:
Juan José Cruces, Dean Business School, Universidad Torcuato Di Tella
Javier García-Cicco, Universidad Católica Argentina and Banco Central de Chile

 

[GS_Dirtboy]

Dress code?

Casual.

 

[GS_Dirtboy]

english and i'm going to learn too, so no worries!
right GS?

Yes, and yes. In English. No problem if you aren't an expert on economics. This is why we have these meetings.

 

[camberiu]

Going.

 

[PhilipDT]

[background=rgb(252, 252, 252)]1. Raus[/background]
[background=rgb(252, 252, 252)]2. GS[/background]
[background=rgb(252, 252, 252)]3. El_Expatriado [/background]
[background=rgb(252, 252, 252)]4. Roxana[/background]
[background=rgb(252, 252, 252)]5. demokritos[/background]
[background=rgb(252, 252, 252)]6. Canick[/background]
[background=rgb(252, 252, 252)]7. Eastman747[/background]
[background=rgb(252, 252, 252)]8. PhilipDT[/background] (Will probably show up around 8 if thats ok)

 

[GS_Dirtboy]

[background=rgb(252, 252, 252)]1. Raus[/background]
[background=rgb(252, 252, 252)]2. GS[/background]
[background=rgb(252, 252, 252)]3. El_Expatriado [/background]
[background=rgb(252, 252, 252)]4. Roxana[/background]
[background=rgb(252, 252, 252)]5. demokritos[/background]
[background=rgb(252, 252, 252)]6. Canick[/background]
[background=rgb(252, 252, 252)]7. Eastman747[/background]
[background=rgb(252, 252, 252)]8. PhilipDT[/background][background=rgb(252, 252, 252)] (Will probably show up around 8 if thats ok[/background]
[background=rgb(252, 252, 252)]9. Camberiu[/background]

 

[Earthboy]

count me in...

 

[Canick]

GS-
thanks for a great night with lots of interesting discussions. sorry i had to leave early.
n

 

[PhilipDT]

Dito on the above. Can't wait for the next one.