{"id":2282,"date":"2017-07-07T19:58:05","date_gmt":"2017-07-07T17:58:05","guid":{"rendered":"http:\/\/raulbartolome.com\/?page_id=2282"},"modified":"2024-04-01T12:29:06","modified_gmt":"2024-04-01T10:29:06","slug":"international-financial-management","status":"publish","type":"product","link":"https:\/\/raulbartolome.com\/es\/producto\/international-financial-management\/","title":{"rendered":"Productos de divisas y desventajas y limitaciones de la teor\u00eda de la cartera de Markowitz"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"

Este trabajo est\u00e1 estructurado en dos cap\u00edtulos. En primer lugar, un resumen de los productos de divisas: FX forwards, futuros de FX, opciones de FX y swaps de divisas. En segundo lugar, los inconvenientes y limitaciones de la teor\u00eda de la cartera de Markowitz.<\/p>\n

Un resumen de las limitaciones estudiadas de la teor\u00eda de la cartera de media-varianza son:<\/p>\n

    \n
  1. No protege contra eventos improbables de cisne negro,<\/li>\n
  2. basado en datos hist\u00f3ricos que no garantizan rendimientos futuros,<\/li>\n
  3. dif\u00edcil identificar mercados no correlacionados debido a la globalizaci\u00f3n financiera,<\/li>\n
  4. excluye los costos de transacci\u00f3n e impuestos,<\/li>\n
  5. podr\u00eda no representar la funci\u00f3n de utilidad del inversor,<\/li>\n
  6. propenso a errores debido a la sensibilidad de entrada,<\/li>\n
  7. insensible a las devoluciones de cola gorda y sked,<\/li>\n
  8. dif\u00edcil de adaptar para m\u00faltiples per\u00edodos y<\/li>\n
  9. otras miden el riesgo como el VaR, el criterio de Kelly, la semivarianza o la p\u00e9rdida m\u00e1xima aceptable.<\/li>\n<\/ol>\n

    La descarga incluye el trabajo completo en pdf.<\/p>","protected":false},"featured_media":3060,"comment_status":"open","ping_status":"closed","template":"","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"enable","ocean_disable_heading":"enable","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"background-image","ocean_post_title_background_color":"","ocean_post_title_background":2998,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","osh_disable_topbar_sticky":"default","osh_disable_header_sticky":"default","osh_sticky_header_style":"default","osh_sticky_header_effect":"","osh_custom_sticky_logo":0,"osh_custom_retina_sticky_logo":0,"osh_custom_sticky_logo_height":0,"osh_background_color":"","osh_links_color":"","osh_links_hover_color":"","osh_links_active_color":"","osh_links_bg_color":"","osh_links_hover_bg_color":"","osh_links_active_bg_color":"","osh_menu_social_links_color":"","osh_menu_social_hover_links_color":""},"product_brand":[],"product_cat":[356],"product_tag":[861,872,363,367,368,330],"class_list":{"0":"post-2282","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-finance","7":"product_tag-academic","8":"product_tag-all","9":"product_tag-finance","10":"product_tag-fx","11":"product_tag-international-finance","12":"product_tag-mba","14":"entry","15":"has-media","17":"first","18":"instock","19":"sale","20":"downloadable","21":"virtual","22":"taxable","23":"purchasable","24":"product-type-simple","25":"col","26":"span_1_of_3","27":"owp-content-center","28":"owp-thumbs-layout-horizontal","29":"owp-btn-normal","30":"owp-tabs-layout-section","31":"has-no-thumbnails"},"yoast_head":"\nForeign Exchange Products and Drawbacks and Limitations of the Markowitz Portfolio Theory - Ra\u00fal Bartolom\u00e9<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/raulbartolome.com\/es\/producto\/international-financial-management\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign Exchange Products and Drawbacks and Limitations of the Markowitz Portfolio Theory - Ra\u00fal Bartolom\u00e9\" \/>\n<meta property=\"og:description\" content=\"This assignment is structured in two chapters. 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