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On the paradigm shift of asset pricing models, before and after the global financial crisis: a literature review

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  • Carbajal-De-Nova, Carolina

    (UAM Iztapalapa)

  • Venegas-Martínez, Francisco

    (Escuela Superior de Economía, Instituto Politécnico Nacional)

Abstract

Esta es una revisión de la literatura sobre el cambio de paradigma en la fijación de precios de activos de la corriente principal y otras tenden-cias, desde el comienzo del siglo xx hasta la fecha, considerando dos periodos: antes y después de la crisis financiera mundial de 2007-2009. El primer periodo muestra inconsistencias entre los comportamientos del agente en el modelado general de precios de activos. El segundo periodo incluye Fin Tech para determinar los patrones de comporta-miento de los agentes que permiten la minería de big data en cualquier nivel de agregación, ya sea micro o macro, y aprendizaje automático, una técnica estadística que brinda a los sistemas informáticos la capa-cidad de aprender de los datos.

Suggested Citation

  • Carbajal-De-Nova, Carolina & Venegas-Martínez, Francisco, 2019. "On the paradigm shift of asset pricing models, before and after the global financial crisis: a literature review," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 15(29), pages 7-38, Primer se.
    • Handle: RePEc:ipn:panora:v:15:y:2019:i:29:p:7-38
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    Keywords

    comportamiento del agente; metodologías de fijación de pre-cios de activos; financiero global.;
    All these keywords.

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G01 - Financial Economics - - General - - - Financial Crises

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