Macroeconomic determinants of behavior colombian’s general index of stock exchange

Authors

  • Andrés David Pájaro Castro Universidad de Cartagena
  • Geraldine Ramos Romero Universidad de Cartagena

DOI:

https://doi.org/10.22519/22157360.727

Abstract

This research shows the relationship between the behavior of the General Index of the Stock
Exchange of Colombia with macroeconomic variables such as the nominal exchange rate,
foreign interest rate (prime rate) and interest rate (internal) placement, taking as monthly
reference period January 2003 to March 2012. For this, an econometric model was estimated
by the method of least squares, which contrasts the context and economic theory with the
results, which yielded significant parameters assumed in the explanatory variables.

Author Biographies

  • Andrés David Pájaro Castro, Universidad de Cartagena
    Economista. Universidad de Cartagena
  • Geraldine Ramos Romero, Universidad de Cartagena
    Economista. Universidad de Cartagena

References

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Published

2015-12-15

How to Cite

Macroeconomic determinants of behavior colombian’s general index of stock exchange. (2015). Aglala, 6(1), 199-228. https://doi.org/10.22519/22157360.727