RESEARCH / 001

Academic Papers

Published research on quantitative finance, behavioral economics, and emerging market dynamics.

Section in progress — More papers coming soon

Working Papers

No Country for Normal Distributions: A Tail of Argentine Risk

Argentina's financial tails are the fattest in the Western Hemisphere. With excess kurtosis of 36.3, the Merval produces tail events that standard risk models underestimate by a factor of 4–6. This paper documents the distributional chaos and offers a simple recommendation: when it comes to Argentine risk, assume the worst.

Working Paper · December 2025 · JEL: G15, G12, G17

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