IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Estructura a plazo, hipótesis de expectativas y paridad descubierta de intereses en Colombia

Listed author(s):
  • Juan Camilo Rojas


Registered author(s):

    El desarrollo del mercado financiero en Colombia, ha hecho que la integración con losmerados financieros internacionales sea cada vez más evidente. Es por esto que el estudiodel grado de relación de nuestras tasas de interés con las tasas de interés de las tasasinternacionales, cobra relevancia. Este estudio, busca evidencia sobre el cumplimiento de lahipótesis de paridad descubierta de intereses y la hipótesis de expectativas racionales, através del uso de las curvas cero cupón de Colombia y Estados Unidos, siguiendo lametodología derivada del estudio de Bekaert (2002). Se encuentra que el cumplimiento deambas hipótesis, simultáneamente, no es un hecho común entre los diferenciales de tasas deColombia y Estados Unidos. Además, en algunos casos, se encuentra que las hipótesis nose cumplen entre las tasas de interés de la misma nacionalidad.***In recent years, the development of the Colombian financial markets have done that theintegration with the international markets had been evident. For this reason, the researchabout the relation level between different interest rates is outstanding. This paper, try tofind evidence about the fulfillment of the uncovered interest rate parity (UIP) andexpectations hypothesis of the term structure of interest rates (EHTS) through the use ofzero-coupon yield curve for Colombia and United States, follow the methodology used forBekaert (2002). The research concludes that the fulfillment of EHTS and UIP hypothesissimultaneously is difficult even between rates of the same nationality.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Paper provided by UNIVERSIDAD DEL ROSARIO in its series DOCUMENTOS DE TRABAJO with number 004893.

    in new window

    Length: 31
    Date of creation: 20 Jul 2008
    Handle: RePEc:col:000092:004893
    Contact details of provider:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:col:000092:004893. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Facultad de Economía)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.