Thesis
IMPACTOS SOCIALES DEL PAGO DE SERVICIOS AMBIENTALES EN EL ESTADO DE MÉXICO
Autor
Razo Romero, Ariana
Institución
Resumen
In this research addresses the problem of changes in interest rates and the
problems faced by operators participating in the money market, the research
analyzes the problems affecting the variation in the rate of interest on a highly
volatile economic environment in which our country has witnessed in recent
decades.
From theoretical models of a factor representing the variation in the rate of interest
that is the case of Model Vasicek and CIR, and models that apply to the derivatives
market to determine the futures price, the model Black and Scholes model Black
and options on futures associated with analyzing a set of financial strategies for the
coverage of the interest rate.
To settle a research database that includes TIIE28 and TIIE91 days and CETES91
CETES28 and future days and for reporting the Mexder, from the information
obtained, a retrospective analysis to evaluate and analyze each strategies to
measure their effectiveness and they could be compared.
For an empirical test of simple examples are easy to understand and continue with
the implementation of portfolios that allow mixing multiple instruments for coverage
of the results obtained suggest that it may hedge the effect of variation in the rate
of interest with the proposed alternatives and can produce significant economic
benefits to those who go to them and thus improve the credibility and certainty of
the money market even when volatility is high.