Precios de activos e indicadores de alerta temprana

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dc.audiencePolicymakerseng
dc.audienceResearcherseng
dc.audienceStudentseng
dc.audienceTeacherseng
dc.coverage.sucursalBogotáspa
dc.creatorGómez-González, Esteban
dc.creatorRozo, Sandra
dc.date.accessioned2007-09-01T08:30:10Zeng
dc.date.available2015-12-06T08:30:10Zspa
dc.date.available2015-12-14T08:30:10Zspa
dc.date.available2017-10-24T08:30:10Zspa
dc.date.created2007-09-01spa
dc.date.issued2007-09eng
dc.descriptionSe hace uso de información sobre crédito, inversión y precios de los activos financieros más relevantes con el objetivo de construir indicadores de alerta temprana, para el estudio de la estabilidad financiera.spa
dc.description.abstractAsset price bubbles are amongst the most talked-about yet misunderstood topics in economics. Theoretical researchers debate between rational, nonrational or even non-existent bubbles, while empiricists tackle the issue with state-of-the-art econometric tools yielding mixed results. A bubble is usually defined as the component of asset prices that cannot be accounted for by fundamentals1. A rational bubble arises when agents are willing to pay a higher price than the \fundamental price" because they believe that they can sell the asset at an even higher price in the future (Gurkaynak (2005)). A nonrational bubble is defined as a rapid upward price movement, based on exaggerated beliefs about future outcomes (e.g. company earnings or the impact of a new technology), followed by a collapse (Meltzer (2003)).eng
dc.format.extent15 páginas : gráficas, tablasspa
dc.format.mimetypePDFspa
dc.identifier.handlehttps://hdl.handle.net/20.500.12134/2138spa
dc.identifier.urihttps://repositorio.banrep.gov.co/handle/20.500.12134/2138spa
dc.language.isospaspa
dc.publisherBanco de la República de Colombiaspa
dc.relation.doihttps://doi.org/10.32468/tef.27spa
dc.relation.ispartofDocumentos de Trabajospa
dc.relation.ispartofseriesTemas de Estabilidad Financieraspa
dc.relation.isversionofTemas de Estabilidad Financiera ; No. 27spa
dc.relation.numbertef 27eng
dc.relation.repechttps://ideas.repec.org/p/bdr/temest/027.htmlspa
dc.rights.accessRightsOpen Accesseng
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0eng
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.spa
dc.rights.spaAcceso abiertospa
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/eng
dc.source.bibliographicCitationBorio, C.; Lowe, P. (2002) “Asset Prices, Financial and Monetary Stability: Exploring the Nexus”, documento presentado en la conferencia del BIS Changes in Risk Through Time: Measurement and Policy Options, BIS working papers, núm. 114, julio, Basel.spa
dc.source.bibliographicCitationFriedman, M. (2003) “Comments on Implications of Bubbles for Monetary Policy”, C. Hunter, G. Kaufman y M. Pomerleano (eds.), Asset Price Bubbles: The Implications for Monetary, Regulatory and International Policies, Cambridge (MA), MIT Press, pp. 459-463.spa
dc.source.bibliographicCitationMeltzer, A. H. (2003) “Rational and Non-rational Bubbles”, C. Hunter, G. Kaufman and M. Pomerleano (eds.), Asset Price Bubbles: The Implications for Monetary, Regulatory and International Policies, Cambridge (MA), MIT Press, pp. 23-33.spa
dc.source.handleRepecRePEc:bdr:temest:027spa
dc.subjectIndicadores de alerta tempranaspa
dc.subjectEstabilidadspa
dc.subjectIndicadoresspa
dc.subjectColombiaspa
dc.subject.jelE61 - Policy Objectives; Policy Designs and Consistency; Policy Coordinationeng
dc.subject.jelE52 - Monetary Policyeng
dc.subject.jelG00 - Financial Economics: Generaleng
dc.subject.jelspaE61 - Objetivos de política económica; Diseño y coherencia de las políticas; Coordinación de políticasspa
dc.subject.jelspaE52 - Política monetariaspa
dc.subject.jelspaG00 - Economía financiera: Generalidadesspa
dc.subject.keywordEarly warning indicatorseng
dc.subject.keywordStabilityeng
dc.subject.keywordIndicatorseng
dc.subject.keywordColombiaeng
dc.subject.lembIndicadores económicos -- Colombiaspa
dc.subject.lembBurbujas (Economía) -- Colombiaspa
dc.subject.lembEstabilidad financiera -- Colombiaspa
dc.titlePrecios de activos e indicadores de alerta tempranaspa
dc.title.alternativeBeyond bubbles : the role of asset prices in early-warning indicatorsspa
dc.typeWorking Papereng
dc.type.hasversionPublished Versioneng
dc.type.spaDocumentos de trabajospa

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