<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-6346</journal-id>
<journal-title><![CDATA[Semestre Económico]]></journal-title>
<abbrev-journal-title><![CDATA[Semest. Econ.]]></abbrev-journal-title>
<issn>0120-6346</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Medellín]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-63462020000100021</article-id>
<article-id pub-id-type="doi">10.22395/seec.v23n54a2</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Cambios estructurales en índices bursátiles del mercado MILA entre los años 2008 y 2018]]></article-title>
<article-title xml:lang="en"><![CDATA[Structural changes in the mila stock markets indicators between 2008 and 2018]]></article-title>
<article-title xml:lang="pt"><![CDATA[Mudanças estruturais em índices do mercado de ações mila entre 2008 e 2018]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Morales León]]></surname>
<given-names><![CDATA[Nicolás]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Vélez Molano]]></surname>
<given-names><![CDATA[José Rodrigo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de La Salle  ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad de La Salle Programa de Finanzas y Comercio Internacional ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2020</year>
</pub-date>
<volume>23</volume>
<numero>54</numero>
<fpage>21</fpage>
<lpage>44</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-63462020000100021&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-63462020000100021&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-63462020000100021&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN El presente trabajo identifica las posibles fechas de cambios estructurales en los mercados bursátiles que conforman el MILA y sus posibles precursores. Mediante el uso de pruebas clásicas de estabilidad y un estadístico robusto para modelos con heterocedasticidad, se realiza la comparación entre ambas metodologías en las series diarias de los retornos, del precio y el cambio porcentual del volumen de índices accionarios. Para los modelos de los retornos, las fechas de cambio estructural coinciden con eventos de alcance internacional ocurridos en Estados Unidos y Europa, mientras que para los modelos de la variación porcentual del volumen las fechas están en línea con el desempeño de la economía local. CLASIFICACIÓN JEL: C22, E44, C15. CONTENIDO: Introducción; 1. Marco de referencia; 2. Metodología; 3. Resultados; 4. Conclusiones; Bibliografía]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT This article identifies the possible dates for structural changes in stock markets conforming the MILA and its possible pioneers. Through classic stability testing and a robust statistic for models with heteroscedasticity, this research performs a comparison between both methodologies in daily time- series of returns and a percentage change in the volume of stock indicators. For the return models, the structural change dates coincide with international scope events in Europe and the United States, whilst for the percentage variation of volume models, dates are aligned with the performance of the local economy. JEL CLASSIFICATION: C22, E44, C15 CONTENT: Introduction; 1. Reference framework; 2. Methodology; 3. Results; 4. Conclusions; bibliography.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO Este trabalho identifica as possíveis datas de mudanças estruturais nos mercados de ações que conformam o MILA e seus possíveis precursores. Por meio do uso de testes clássicos de estabilidade e de estatística robusta para modelos com heterocedasticidade, é realizada a comparação entre ambas as metodologias nas séries diárias dos retornos do preço e da mudança porcentual do volume de índices acionistas. Para os modelos dos retornos, as datas de mudança estrutural coincidem com eventos de abrangência internacional ocorridos nos Estados Unidos e na Europa, enquanto para os modelos da variação porcentual do volume, as datas estão de acordo com o desempenho da economia local. CLASSIFICAÇÃO JEL: C22, E44, C15 CONTEÚDO: Introdução; 1. Referencial teórico; 2. Metodologia; 3. Resultados; 4. Conclusões; Bibliografia.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Cambio estructural]]></kwd>
<kwd lng="es"><![CDATA[mercados financieros y macroeconomía]]></kwd>
<kwd lng="es"><![CDATA[bootstrap]]></kwd>
<kwd lng="en"><![CDATA[Structural change]]></kwd>
<kwd lng="en"><![CDATA[stock markets and macroeconomics]]></kwd>
<kwd lng="en"><![CDATA[bootstrap]]></kwd>
<kwd lng="pt"><![CDATA[Mudança estrutural]]></kwd>
<kwd lng="pt"><![CDATA[mercados financeiros e macroeconomia]]></kwd>
<kwd lng="pt"><![CDATA[bootstrap]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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