Bibliographic citations
Montenegro, O., (2022). Efecto de la flexibilización cuantitativa norteamericana en la Bolsa de Valores de Lima [Trabajo de investigación, Universidad Peruana de Ciencias Aplicadas (UPC)]. http://hdl.handle.net/10757/660386
Montenegro, O., Efecto de la flexibilización cuantitativa norteamericana en la Bolsa de Valores de Lima [Trabajo de investigación]. PE: Universidad Peruana de Ciencias Aplicadas (UPC); 2022. http://hdl.handle.net/10757/660386
@misc{renati/1292518,
title = "Efecto de la flexibilización cuantitativa norteamericana en la Bolsa de Valores de Lima",
author = "Montenegro Alvarez, Olga Sofia Ofelia",
publisher = "Universidad Peruana de Ciencias Aplicadas (UPC)",
year = "2022"
}
This research paper analyzes the effect of U.S. quantitative easing on the Peruvian stock market during the 2008 financial crisis. For this purpose, a literature review of the macroeconomic and financial variables that may be influenced by the application of the unconventional monetary policy applied by the Federal Reserve is carried out. Subsequently, its effect and impact on the Peruvian economy, specifically on the Lima Stock Exchange General Index, is analyzed. For the empirical analysis, a Vector Error Correction (VEC) model is applied to determine the impact of large-scale asset purchases on the Peruvian economy. Finally, the results obtained indicate that the unconventional monetary policy applied in the United States has a positive impact on the Peruvian stock market. In addition, it is obtained that the price of copper and the exchange rate have a positive impact on the stock market index, which indicates that they are important variables and that they have a real impact.
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