Returns and interest rate: a nonlinear relationship in the Bogota stock market

This work presents some evidence of the nonlinear and inverse relationship between the share prices on the Bogotá stock market and the interest rate as measured by the interbank loan interest rate, which is to some extent affected by monetary policy. The

Detalles Bibliográficos
Autores Principales: Arango-Thomas, Luis Eduardo, González-Gómez, Andrés, Posada, Carlos Esteban
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2001
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/5187