整个商业周期中的金融机构:金融周期是否与商业周期同步?

Q3 Social Sciences

Ensayos Sobre Politica Economica Pub Date : 2014-12-01 DOI:10.1016/j.espe.2014.09.001

Fernando Arias Rodríguez , Celina Gaitán Maldonado , Johanna López Velandia

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引用次数: 4

摘要

利用银行和相关机构的财务报表，提出了1990年至2013年中期哥伦比亚金融周期年表的建议。它与阿方索、阿兰戈、阿里亚斯、坎格雷霍和普利多(2012)提出的商业周期的相互作用也进行了研究。这里使用了两种方法:一种基于规则(Bry和Boschan, 1971)，另一种基于从数据中提取的信息(新颖性检测)。尽管每个周期的年表和相关特征依赖于所采用的定义和方法，但研究发现证据支持金融周期和商业周期之间存在同步。

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Las entidades financieras a lo largo del ciclo de negocios: ¿está el ciclo financiero sincronizado con el ciclo de negocios?

Using the financial statements of Banks and related institutions, a proposal is made for a financial cycle chronology for Colombia from 1990 until the middle of 2013. Its interaction with the business cycle proposed by Alfonso, Arango, Arias, Cangrejo y Pulido (2012) is also examined. Two approaches are used here: One rule-based (Bry and Boschan, 1971, and Diffusion Indexes) and one based on information extracted from the data (Novelty Detection). Evidence is found to support the existence of synchronization between the financial and business cycle, although the chronologies and related features of each cycle rely on the definition and the approach adopted.

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来源期刊

Ensayos Sobre Politica Economica Social Sciences-Political Science and International Relations

CiteScore

1.50

自引率

0.00%

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