Citas bibligráficas
Menacho, X., (2020). Análisis y relación del Precio de cobre con el Riesgo País: Caso peruano 2002-2019 [Trabajo de investigación, Universidad Peruana de Ciencias Aplicadas (UPC)]. http://hdl.handle.net/10757/652516
Menacho, X., Análisis y relación del Precio de cobre con el Riesgo País: Caso peruano 2002-2019 [Trabajo de investigación]. PE: Universidad Peruana de Ciencias Aplicadas (UPC); 2020. http://hdl.handle.net/10757/652516
@misc{renati/391008,
title = "Análisis y relación del Precio de cobre con el Riesgo País: Caso peruano 2002-2019",
author = "Menacho Leguia, Xenia",
publisher = "Universidad Peruana de Ciencias Aplicadas (UPC)",
year = "2020"
}
This paper analyzes the country risk of the Peruvian economy, emphasizing the effect of the price of copper. A literature review of the macroeconomic variables and international factors that influence the country risk is made. In addition, its relation with the price of copper and the transmission mechanisms are studied. First, an MCO model is analyzed to determine the relationship of the variables with the Embig, but it does not comply with the homocedasticity assumption, mainly because the Embig variable is a financial variable, so a GARCH model is proposed. The main results are that the price of copper, the exchange rate and the relationship between Debt and GDP have a significant impact on Embig. The copper and liquidity variables in dollars have a negative effect on the Country Risk. Besides, Embig responds significantly to the volatility in the international economic activity, measured by the American bonds with a three-month maturity, and the VIX.
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