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La culpa es del Yankee: Correlaciones e ineficiencias en el mercado de dinero

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  • Santiago Gutiérrez V.
  • Michel Formisano P.

Abstract

Los cambios en las tasas de interés de los bonos globales colombianos -mecanismo de transmisión de las presiones de los mercados internacionales sobre el mercado localson los principales causantes de las fluctuaciones en el mercado de dinero doméstico. Este fenómeno parece haberse acentuado incluso después de que los problemas del mercado de TES de fin de 2002 indujeron la conformación de portafolios más diversificados y la adopción de actitudes más conservadoras frente a los riesgos de mercado. Al tiempo, los cambios en la tasa de interés interbancaria, en el tipo de cambio del dólar y en las tasas de los TES, tienen efectos muy tenues sobre dicho mercado. Por otra parte, los datos del crédito interbancario muestran claras oportunidades de arbitraje que están desaprovechando los intermediarios financieros.

Suggested Citation

  • Santiago Gutiérrez V. & Michel Formisano P., 2003. "La culpa es del Yankee: Correlaciones e ineficiencias en el mercado de dinero," Apuntes de Banca y Finanzas 2959, Asobancaria.
    • Handle: RePEc:col:000086:002959
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    References listed on IDEAS

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    Cited by:

    1. Franz Hamann & Julián Pérez & Paulina Restrepo, 2005. "Sobre los efectos macroeconómicos de la composición de la deuda pública en Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, November.

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