Dear Sebastian,

Please feel free to analyse the following paper:

Financial Development and Economic Growth: The Role of Stock Markets

This is a very popular paper from Philip Arestis, Panicos O. Demetriades and Kul B. Luintel, published in the Journal of Money, Credit and Banking.

At this moment this paper have more than 1100 citations.

Dear Mário Fernandes, thank you very much for your help! I will analyse your recommendation.

Regards

Dear Eyal

Thank you very much for your answer and your help!

Regards,

Sebastián

I´ve found several studies in colombia,

Derivados climáticos como herramienta para gestionar el riesgo en el sector agrícola : el caso del maíz amarillo

Trasmisión en política monetaria cuando existe un mercado de derivados, evidencia empírica para el caso colombiano

Proyecto de creadores de mercado para deuda privada mercado de valores colombiano

Modelo Capm y Black-litterman para materias primas dentro de un contexto colombiano.

El uso de derivados financieros como herramientas de cobertura y su efecto sobre el valor de mercado de las empresas colombianas

Análisis de Portafolios Bursátiles en el Mercado Integrado Latinoamericano "MILA" y la Bolsa Mexicana De Valores (BMV)

you can find them in this ulr

https://intellectum.unisabana.edu.co/

I hope you'd find them useful

Dear Duvan

Thanks for your help!

Regards.

Sebastián

Hi.

One seminal paper on this subject is "Economic Forces and the Stock Market". Nai-Fu Chen, Richard Roll and Stephen A. Ross. The Journal of Business. Vol. 59, No. 3 (Jul., 1986), pp. 383-403.

Cheers,

May I draw your attention to our paper on Mathematical-Statistical Pricing in Emerging Indian Stock Markets where I am the corresponding author in JAM (2007) also on www.researchgate.net/profiles/Soumitra_Mallick, where we have drawn up the incidence question of Economy on corporate equity capital by modelling and estimating the DGE pricing model per hundred rupees of normalised stocks on Bombay Stock Exchange including the panel series with growth in profit, growth in dividend, growth in debt-equity ratio and growth in interest cost. This was our corporate finance to market marking approach and the public finance nature of public equity financing with our developed econophysical stock and flow of financial capital paradigm, the balance sheet meanfield in electronic stock market systems. While these jargon are more meant to spruce up what we think are 0.77 R^squares models with the three times globalised and liberalised Bombay Stock Exchange data which we have proved also proves all the Millenium Prize Mathematics Problems (Mallick, Hamburger & Mallick (2016, 2017, 2018)) hence truly Millenial. I hope this answers your question to some extent.

S.K.Mallick

I send you an article about financial sector and 2008 crisis. I hope it help you.

Isabel Gimenez Zuriaga thank you very much for your help and the article! Regards.

Sebastián

The monetary systems factor is decisive; the lower the required reserve ratio for private commercial banks, the higher the transaction volatility in economic markets. One of my favorite books is: Stock Market Logic (Norman G. Fosback). The fiat credit system of capitalist finance develops on an exponential scale, and it intensifies the latent (dormant) shocks of market motion into cyclical crises, i.e. stock market logic is the hidden factor of partial overproduction of certain goods and reflects the course of economic conjuncture. As communist countries had no stock markets, their economic re-integration into the world markets could make an interesting point, concerning your question. Just take a look at Poland, after 1989.