Alfonso Novales

MSc in Finance (2008-09)

Alfonso Novales is Professor of Finance at the Universidad Complutense de Madrid.

Financial markets and products, term structure of interest rates, financial derivatives, hedging strategies

- "Bond rating changes and stock returns: Evidence from the Spanish stock market" (with Abad, P. y Robles, M. D), Spanish Economic Review, (forthcoming).
- "Time Series Model Forecasts and Structural Breaks: Evidence from Spanish Pre-EMU Interest Rates" (with Fernández-Serrano, J. L. y Robles, M. D.), Applied Economics, (forthcoming).
- "The effect of futures trading on the distribution of spot index returns: implications for CVaR in the Spanish market" (with Illueca, M. y Lafuente, J.A.), Journal of Futures Markets, (forthcoming).