Índice bursátil de la bolsa de valores de Colombia y tipo de cambio en Colombia: Un análisis de modelos VAR, para el periodo (2008-2017)

Abstract

For the study and analysis of the relationship between the economic variable TRM and the financial variable COLCAP in Colombia for the period 2008 – 2017 an econometric model known as VAR is carried out, which allowed to observe the direct or indirect relation of a variable Economic on a financial and vice versa, the applied model does not establish a dependent variable of an independent, which at econometric levels does not skew the results leading to the investigation spurious answers, on the other hand the model achieves that the Investor make decisions for investment in the expected market conclusions drop or increase the COLCAP index in the presence of depreciations or devaluations.