Examinando por Autor "Ardila-Restrepo, H. J. (Hermilson de Jesús)"

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    Analyzing inflation: Measurement problems and trends
    (2014-05-15) Ardila-Restrepo, H. J. (Hermilson de Jesús); Lochmüller, C. (Christian); Peña-Palacio, J. A. (Juan Alejandro)
    As a consequence of the crisis of 2007/2008, which started in the United States of America within the financial sector and which then spread to the real sector, the governments of several countries had to bail out financial institutions and companies. Central banks, especially in the U.S. and Europe injected liquidity in large volumes into the markets in order to stabilize the financial sector, a process which might produce higher inflation. This article discusses how inflation is measured and found that the measurement does not include adequately the development of prices of financial assets. Furthermore, it discussed that money supply should include loans, as credit serves as money and has an impact on inflation. One of the main conclusions is that there is a real possibility that inflation rates will increase in the medium term future.
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    El Riesgo del endeudamiento: La Crisis de la Deuda Soberana y posibles implicaciones
    (2014-05-14) Ardila-Restrepo, H. J. (Hermilson de Jesús); Lochmüller, C. (Christian); Peña-Palacio, J. A. (Juan Alejandro); Márquez-Godoy, J. I. (Jose Ignacio)
    Due to the global financial crisis unleashed between 2007 and 2008 and which quickly spread to the real sector, many governments did come out to rescue banks, significantly increasing their debt levels and, in particular, debt sovereign. Thus, many countries have reached unsustainable levels of debt, so that central banks injected liquidity to markets and expanded its balance sheet to buy assets of countries and companies in crisis, in order to ensure the smooth functioning of financial system. That is why in this article provides an analysis of the levels of borrowing countries as a result of this process, and presents a series of reflections about the impacts and the consequences that these may have in the short and medium term, especially in predicting the magnitude of these impacts.