Examinando por Autor "Morales Uribe, Jorge Mario"

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    Impacto de la tasa de cambio spot : USD/COP sobre el índice MSCI COLCAP en el periodo 2020 – 2022
    (Universidad EAFIT, 2023) Morales Uribe, Jorge Mario; Giraldo Giraldo, Lizeth Vanessa; Molina Sierra, Luis Felipe
    This paper analyzes the impact that the USD/COP spot exchange rate had on the MSCI COLCAP index during the period 2020 – 2022 through a quantitative analysis and study, based on weekly moving time series variations in five-day windows and developing an econometric Autoregressive Distributed Lag Model (ADL) to dermine the long-term effect. The results obtained were satisfactory, because there is a significant long-term effect of the exchange rate on the index. The results obtained in this study offer a guide for those organizations, governments or people who make financial accounting or investment decisions in the Colombian stock market and in the exchange rate in times of high uncertainty and strong economic conditions as it happened in the analyzed time period.