Returns and Interest Rate: A Nonlinear Relationship in the Bogota Stock Market

Borradores de Economia
Número: 
169
Publicado: 
Authors:
Andrés Gónzalez,
Carlos Esteban Posada
Clasificación JEL: 
C22, C52
Palabras clave: 
Returns, Interest Rate

Lo más reciente

Juliana Jaramillo-Echeverri, Adriana Sofía Rodríguez
Gaurav Khanna, Carlos Alberto Medina-Durango, Anant Nyshadham, Daniel Ramos-Menchelli, Jorge Andrés Tamayo-Castaño, Audrey Tiew

This work presents some evidence of the nonlinear and inverse relationship between the share prices on the Bogotá stock market and the interest rate as measured by the interbank loan interest rate, which is to some extent affected by monetary policy. The