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Biopsia de un inversor (¿conservador?) de renta fija

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  • Emiliano Delfau

Abstract

El objetivo del artículo es demostrar el riesgo que conlleva una operación de compra de Títulos (renta fija) en aquellos países que presentan elevadas tasas de rendimiento. Suponiendo que estos instrumentos se consideran financieramente más seguros que las operaciones de acciones y/o derivados dado que esencialmente un bono es un instrumento de deuda de mercado que representan un flujo de efectivo pagadero durante un período de tiempo específico en el futuro. Representando este flujo de caja los intereses pagaderos por el préstamo y el reembolso del mismo (capital). Entonces, esencialmente, un bono es un préstamo, como el que otorga un banco con un vencimiento y rendimiento cierto, aunque sea negociable en un mercado secundario.

Suggested Citation

  • Emiliano Delfau, 2020. "Biopsia de un inversor (¿conservador?) de renta fija," CEMA Working Papers: Serie Documentos de Trabajo. 766, Universidad del CEMA.
    • Handle: RePEc:cem:doctra:766
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    File URL: https://ucema.edu.ar/publicaciones/download/documentos/766.pdf
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    References listed on IDEAS

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    3. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
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