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dc.creatorAnzola, Camilo
dc.creatorVargas Pachon, Paola Sophia
dc.creatorMéndez Morales, Edgard Alberto
dc.date.accessioned2020-01-17T19:29:33Z
dc.date.available2020-01-17T19:29:33Z
dc.date.issued2019-04-17
dc.identifier.citationAnzola Morales, C., Vargas Pachón, P., & Morales, A. (2019). Transición entre sistemas financieros bancarios y bursátiles. Una aproximación mediante modelo de Swithing Markov. ECONÓMICAS CUC, 40(1). https://doi.org/10.17981/econcuc.40.1.2019.08spa
dc.identifier.issn0120-3932, 2382-3860 electrónico
dc.identifier.urihttp://hdl.handle.net/11323/5857
dc.description.abstractFinancial systems are considered to be one of the determinants of economic growth; these systems typically fall into two categories, banking and stock market. The literature on factors such as domestic credit to the private sector, traded shares (% of GDP), GDP per capita and inflation can be indicators of transition from one type of financial state to another. Therefore, the main contribution of this article is to determine the probability of transition between states of the banking financial system to a stock market and vice versa, present in emerging Latin American countries such as Mexico, Colombia, Brazil and Chile (belonging to the OECD). To perform these calculations, a twostate Switching Markov methodology is used as an analysis tool for the study period 2000-2016, with data from the World Bank in the financial information group. The results obtained reflect how over time, most countries remain in a single state, ie, despite international economic conditions there is no transition or changes in the financial system.eng
dc.description.abstractLos sistemas financieros se consideran como uno de los factores determinantes para el crecimiento económico; estos sistemas típicamente se reúnen en dos categorías, bancarios y bursátiles. La literatura referente evidencia a factores como el crédito interno al sector privado, las acciones negociadas (% del PIB), el PIB percápita y la inflación, pueden ser indicadores de transición de un tipo de estado financiero a otro. Por consiguiente, el aporte principal del presente artículo es determinar la probabilidad de transición entre estados del sistema financiero bancario a uno bursátil y viceversa, presentes en países latinoamericanos emergentes como México, Colombia, Brasil y Chile (pertenecientes a la Organización para la Cooperación y el Desarrollo Económicos-OECD). Para realizar estos cálculos se utiliza una metodología Switching Markov de dos estados como herramienta de análisis para el periodo de estudio comprendido entre 2000-2016, con datos provenientes del Banco Mundial en el grupo de información financiera. Los resultados obtenidos reflejan como a través del tiempo, la mayoría de los países se mantienen en un solo estado, es decir, a pesar de las condiciones económicas internacionales no existe transición o cambios de sistema financiero.spa
dc.format.mimetypeapplication/pdf
dc.language.isospaspa
dc.publisherCorporación Universidad de la Costaspa
dc.relation.ispartofseriesECONÓMICAS CUC; Vol. 40, Núm. 1 (2019)
dc.rightsCC0 1.0 Universal*
dc.rights.urihttp://creativecommons.org/publicdomain/zero/1.0/*
dc.sourceECONÓMICAS CUCspa
dc.subjectSistemas financierosspa
dc.subjectCadenas de Markovspa
dc.subjectOCDEspa
dc.subjectBancosspa
dc.subjectBolsas de valoresspa
dc.subjectFinancial systemsspa
dc.subjectMarkov chainsspa
dc.subjectOECDspa
dc.subjectBanksspa
dc.subjectStock exchangesspa
dc.titleTransición entre sistemas financieros bancarios y bursátiles. Una aproximación mediante modelo de Swithing Markovspa
dc.title.alternativeTransitions between banking and stock market financial systems. A Switching Markov model approachspa
dc.typeArticlespa
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dc.source.urlhttps://revistascientificas.cuc.edu.co/economicascuc/article/view/2367
dc.rights.accessrightsinfo:eu-repo/semantics/openAccessspa
dc.identifier.doihttps://doi.org/10.17981/econcuc.40.1.2019.08
dc.identifier.eissn2382-3860
dc.identifier.pissn0120-3932


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