Colombian equity return and narrow money supply: an asymmetric cointegration analysis
The asymmetric, cointegrating relationship between the return on equity market and the narrowly defined money supply is documented. In fact, equity return and the monthly percentage change in the Colombian money supply M1 spread adjusts to the threshold value slower when a contractionary countercycl...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Konrad Lorenz Fundación Universitaria
2012-12-01
|
| Series: | Suma de Negocios |
| Subjects: | |
| Online Access: | http://publicaciones.konradlorenz.edu.co/index.php/SumaDeNegocios/article/view/1201 |