Descripción: “...Motivado por lo anterior, este artículo es resultado de un trabajo de grado a nivel de pregrado que se desarrolló durante el segundo semestre de 2011, el cual propone el desarrollo de un índice bursátil denominado “MILCAP”. la propuesta se presenta en tres partes. en la primera se analizan los mercados de los tres países que conforman el Mila, se revisan las formas cómo construir un índice y se describen algunos índices ya existentes y de referencia. se exponen metodologías utilizadas para la construcción del índice propuesto y se definen los parámetros y variables que se van a utilizar en su construcción. el índice se construye basado en datos históricos desde el primero de Junio de 2006, partiendo de una base de 1000 puntos, y se construye a lo largo de 5 años teniendo en cuenta cada fecha clave de rebalanceo y selección de canasta, para finalmente presentar la validación y, al respecto, los resultados obtenidos del índice propuesto.Abstract: Since the middle of 2010 meetings were held regarding the creation of a new market that involved and integrates three major latin american economies with the objective to facilitate trading between these three countries and in order to generate opportunities to invest in a wider market and to stimulate investment in emerging economies. this development justifies the proposal of an index which reflects the movement of price of the most representative stocks that are traded in the new Mila (Mercado integrado latinoamericano) market. this article is a result of thesis which was developed during the second half of 2011 at the undergraduate level and that proposes the development of a stock market index called "MILCAP". the proposal is presented in three parts. the markets of the three countries that participate in Mila are analized, the concepts to build an undex are analized and some of the existing indexes, that serve as a reference described. ...”

Descripción: “...Central banks, especially in the U.S. and Europe injected liquidity in large volumes into the markets in order to stabilize the financial sector, a process which might produce higher inflation. ...”

Descripción: “...Es por esto que en este artículo se lleva a cabo un análisis de los niveles de endeudamiento de los países como resultado de este proceso, y se presentan una serie de reflexiones en cuanto a los impactos y las consecuencias que estos puedan tener en el corto y mediano plazo, sobretodo en el pronóstico de las magnitud de estos impactos.Abstract: Due to the global financial crisis unleashed between 2007 and 2008 and which quickly spread to the real sector, many governments did come out to rescue banks, significantly increasing their debt levels and, in particular, debt sovereign. thus, many countries have reached unsustainable levels of debt, so that central banks injected liquidity to markets and expanded its balance sheet to buy assets of countries and companies in crisis, in order to ensure the smooth functioning of financial system. that is why in this article provides an analysis of the levels of borrowing countries as a result of this process, and presents a series of reflections about the impacts and the consequences that these may have in the short and medium term, especially in predicting the magnitude of these impacts. ...”