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UPAO » 1. TESIS PREGRADO » FACULTAD DE CIENCIAS ECONÓMICAS » Economía y Finanzas »


La demanda de crédito del sistema financiero y sus principales determinantes en el Perú: 2004-2017

Fecha: 2019
Universidad Privada Antenor Orrego - UPAO
Universidad Privada Antenor Orrego - UPAO
T_ECON_105
Descripción
La investigación realizada: “La Demanda de Créditos del Sistema Financiero y sus principales determinantes en el Perú: 2004 – 2017”, tiene como finalidad identificar los principales determinantes de la demanda de crédito y a su vez hallar cómo es que incide cada determinante sobre el comportamiento de la demanda de crédito. El marco teórico que sustenta nuestra investigación ha sido extraído de varios autores respecto a la relación que existe entre la evolución de la actividad económica y el comportamiento del crédito por parte del sector financiero. El instrumento metodológico que permitirá analizar nuestro trabajo, es el Modelo de Regresión Lineal Múltiple. Para ello, se ha utilizado al crédito real del sistema bancario como la demanda de crédito - variable dependiente, la actividad económica como el producto interno real - variable independiente y el precio de las operaciones del crédito como la tasa de interés activa promedio en moneda nacional - variable independiente. El desarrollo de las pruebas de rigor del modelo seleccionado nos permitió concluir en que los dos determinantes en conjunto explican significativamente a la demanda de crédito del sistema financiero en el Perú: 2004-2017, y a su vez; dejaron en evidencia los diferentes niveles de influencia que ejerció cada variable sobre la demanda de crédito. Finalmente, permitió admitir a las variables seleccionadas como principales determinantes de la demanda de créditos del sistema financiero según como lo describe la literatura macroeconómica.

Descripción
The research carried out: ""The Demand for Credit from the Financial System and its main determinants in Peru: 2004 - 2017"", aims to identify the main determinants of credit demand and in turn find how each determinant affects the behavior of the demand for credit. The theoretical framework that sustains our research has been extracted from several authors regarding the relationship that exists between the evolution of economic activity and the behavior of credit by the financial sector. The methodological instrument that will allow us to analyze our work is the Multiple Linear Regression Model. For this, the real credit of the banking system has been used as the demand for credit - dependent variable, the economic activity as the real internal product - independent variable and the price of credit operations as the average active interest rate in national currency - independent variable. The development of the rigorous tests of the selected model allowed us to conclude that the two determinants together explain significantly the credit demand of the financial system in Peru: 2004-2017, and in turn; they showed the different levels of influence exerted by each variable on the demand for credit. Finally, it allowed admitting the selected variables as the main determinants of the demand for credit in the financial system, as described in the macroeconomic literature.

Descripción
Analyzing the behavior of a stock exchange has been a topic of great interest since these types of markets evolved in both developed and emerging countries. The profit that can be obtained by investing in their assets or sets of assets is quite attractive for various types of investors, so studying the variation of an index that reflects the profitability of these assets becomes the essence to achieve this gain. The objective of this study was to quantify the impact of the premium for market risk, represented by the Risk Premiun of the United States, the country risk of Peru, the price of copper and the price of gold in the General Index of the Stock Exchange of Values of Lima. These variables were chosen based on Peru's own economic and financial nature. Through an econometric model of time series E-GARCH, values were estimated in percentage terms. According to the results obtained, the proposed hypothesis is almost fulfilled, showing that in the period 2006-2017 both the price of metals and the premium for market risk have a positive impact on the Peruvian stock exchange index, however the country risk impacts negative way, product of the adopted approach of country risk in this investigation, that is to say, as an external and systematic factor to the General Index of the Stock Exchange of Lima, and not as a risk that the investor must assume.
Tipo
info:eu-repo/semantics/bachelorThesis
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REP_ECON_ROSA.CHAVEZ_FIORELLA.CHECA_DEMANDA.CREDITOS_DATOS.pdfROSA.CHAVEZ_FIORELLA.CHECA_DEMANDA.CREDITOS757,44 kBAdobe PDFVisualizar/Abrir

 



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