Análisis de futuros como método de cobertura para mitigar el riesgo cambiario en el sector automotriz en Colombia
Futures are considered within the derivative instruments may provide better coverage to the market, as they are standardized and include the participation of a broker allowing hedge against counterparty risk and any other risks. But the low turnout against the use of financial futures as a method of...
| Autor Principal: | Díaz Mosquera, Yuly Seth |
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| Otros Autores: | Tamayo Aucique, Carol Vanesa, Ramírez Flórez, Edward Andrés |
| Formato: | info:eu-repo/semantics/bachelorThesis |
| Idioma: | spa |
| Publicado: |
Universidad de La Salle. Facultad de Ciencias Económicas y Sociales. Finanzas y Comercio Internacional.
2016
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| Materias: | |
| Acceso en línea: |
http://hdl.handle.net/10185/18118 |
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| Sumario: |
Futures are considered within the derivative instruments may provide better coverage to the market, as they are standardized and include the participation of a broker allowing hedge against counterparty risk and any other risks. But the low turnout against the use of financial futures as a method of coverage in Colombian market, the volatility of the exchange rate and the presence of structural crisis in various economic sectors, in this case the automotive sector has led to need to determine the feasibility of using financial futures linked to the TRM as a hedging mechanism to mitigate foreign exchange risk. To do this, primary and secondary sources of information on which theories of valuation and future functioning of financial highlights are used, the document review of institutional and academic work; as well, that the realization of different econometric models such as ARCH models and OLS models.
Therefore, when building the respective coverage for the Automotive Sector, analyzing the coverage ratio and the coefficient of efficiency is obtained as a result, it is feasible the use of financial futures as a method of hedging against exchange rate.
KEYWORDS: Financial derivatives, Futures, Hedge, Colombia Stock Exchange |
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