Participación de agentes en mercados financieros: aplicación de los modelos chakraborty-ray y dornbusch

Authors

  • Giovanni Reyes Universidad de Pittsburgh

Keywords:

financial agents, exchange rate policies, financial models

Abstract

The fundamental intention of this paper is to establish specific models concerning behavioral evidences of financial agents, and general conditions they need to face as well. Here the analysis is focused in two different and main scenarios: (i) direct; and (ii) indirect financial spheres. This study takes into consideration three different financial agents: workers with income surpluses, professional investors, and financial intermediaries, including bank agencies. Regarding conduct of financial agents with direct and indirect financial resources, Chakraborty and Ray´s model is applied. A model based on Dornbusch contributions is addressed in reference to the influence of macroeconomic policies, specifically exchange rate decisions, which in turn affect trade balance, current account and employment levels within domestic markets.

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Author Biography

Giovanni Reyes, Universidad de Pittsburgh

Ph.D. en Economía para el Desarrollo y Relaciones Internacionales de la Universidad de Pittsburgh, con certificados de post-grado de las Universidades de Pennsylvania y Harvard. Ha sido Fulbright y World Bank Scholar, Director del Sistema Económico Latinoamericano y representante ante la Organización Internacional del Café con sede en Londres; ha trabajado para la Organización de Naciones Unidas / Nueva York, PNUD, UNICEF, y el Vienna International Center. Ha sido Coordinador del Informe de Desarrollo Humano de Naciones Unidas en Venezuela; es Decano de la Facultad de Economía de la Universidad Católica de Colombia.

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Published

2013-05-03

How to Cite

Reyes, G. (2013). Participación de agentes en mercados financieros: aplicación de los modelos chakraborty-ray y dornbusch. Tendencias, 12(1), 192–212. Retrieved from https://revistas.udenar.edu.co/index.php/rtend/article/view/543

Issue

Vol. 12 No. 1 (2011): Vol. XII No. 1 Primer Semestre Enero-Junio 2011

Section

Articles

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