{"id":60429,"date":"2018-03-09T22:48:15","date_gmt":"2018-03-09T22:48:15","guid":{"rendered":"https:\/\/www.deberes.net\/tesis\/sin-categoria\/costs-and-benefits-of-the-use-of-derivative\/"},"modified":"2018-03-09T22:48:15","modified_gmt":"2018-03-09T22:48:15","slug":"costs-and-benefits-of-the-use-of-derivative","status":"publish","type":"post","link":"https:\/\/www.deberes.net\/tesis\/ciencias-economicas\/costs-and-benefits-of-the-use-of-derivative\/","title":{"rendered":"Costs and benefits of the use of derivative"},"content":{"rendered":"<h2>Tesis doctoral de <strong> Thomas Alexander Rangel Hilt <\/strong><\/h2>\n<p>Se ha escrito mucho sobre la valoraci\u00f3n de derivados financieros, pero no se ha estudiado tanto las razones, los costes, las ventajas y el impacto econ\u00f3mico de su uso. Esto es sorprendente dada la importancia econ\u00f3mica de estos instrumentos: la posici\u00f3n mundial agregada en derivados ha experimentado un aumento significativo, y su crecimiento no parece haber parado todav\u00eda. Es por lo tanto crucial analizar y entender el uso de derivados en la econom\u00eda. Los tres ensayos contenidos en este trabajo proponen rellenar este hueco analizando diversos aspectos del uso de derivados por diversos agentes econ\u00f3micos. Los tres cap\u00edtulos en esta tesis intentan contestar a algunas preguntas fundamentales: \u00c2\u00bfest\u00e1n los derivados desempe\u00f1ando un papel central en el desarrollo de mercados financieros sanos, permitiendo reducir los riesgos y compartirlos a trav\u00e9s de agentes? \u00c2\u00bfo bien, los derivados se utilizan para la especulaci\u00f3n y aumentar los riesgos financieros? \u00c2\u00bfse pueden asociar los derivados a costes de agencia? Intentamos dar respuestas a estas preguntas desde diversas perspectivas. En los primeros dos cap\u00edtulos analizamos emp\u00edricamente el impacto del uso de derivados por los fondos de inversi\u00f3n. En el tercer y \u00faltimo cap\u00edtulo analizamos los costes te\u00f3ricos asociados al uso de derivados por las firmas no financieras. As\u00ed, esta tesis se organiza en tres cap\u00edtulos, cada uno corresponde a un papel de investigaci\u00f3n, cada uno de los cuales se puede leer independientemente de los otros.  en el primer cap\u00edtulo, \u00abel uso de derivados en la industria espa\u00f1ola de los  fondos de inversi\u00f3n \u00bb (una investigaci\u00f3n en conjunto con jos\u00e9 m. Mar\u00edn), analizamos el impacto del uso de derivados en el riesgo y el funcionamiento de la industria espa\u00f1ola de los fondos de inversi\u00f3n. La literatura financiera indica que los derivados se pueden utilizar para prop\u00f3sitos de la gesti\u00f3n de riesgos, la reducci\u00f3n de los costes de transacci\u00f3n, o el mejor manejo de la informaci\u00f3n.<\/p>\n<p>&nbsp;<\/p>\n<h3>Datos acad\u00e9micos de la tesis doctoral \u00ab<strong>Costs and benefits of the use of derivative<\/strong>\u00ab<\/h3>\n<ul>\n<li><strong>T\u00edtulo de la tesis:<\/strong>\u00a0 Costs and benefits of the use of derivative <\/li>\n<li><strong>Autor:<\/strong>\u00a0 Thomas Alexander Rangel Hilt <\/li>\n<li><strong>Universidad:<\/strong>\u00a0 Pompeu fabra<\/li>\n<li><strong>Fecha de lectura de la tesis:<\/strong>\u00a0 14\/09\/2007<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Direcci\u00f3n y tribunal<\/h3>\n<ul>\n<li><strong>Director de la tesis<\/strong>\n<ul>\n<li> Marin Vigueras Jos\u00e9 Mar\u00eda<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tribunal<\/strong>\n<ul>\n<li>Presidente del tribunal: xavier Freixas dargallo <\/li>\n<li>branko Urosevic (vocal)<\/li>\n<li>antohony Neuberger (vocal)<\/li>\n<li>carmen Ansotegui olcoz (vocal)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesis doctoral de Thomas Alexander Rangel Hilt Se ha escrito mucho sobre la valoraci\u00f3n de derivados financieros, pero no se [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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