<?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>2248-6046</journal-id>
<journal-title><![CDATA[Revista Finanzas y Política Económica]]></journal-title>
<abbrev-journal-title><![CDATA[Finanz. polit. econ.]]></abbrev-journal-title>
<issn>2248-6046</issn>
<publisher>
<publisher-name><![CDATA[Universidad Católica de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2248-60462016000200301</article-id>
<article-id pub-id-type="doi">10.14718/revfinanzpolitecon.2016.8.2.5</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[LAS HIPÓTESIS DE FISHER EN LATINOAMÉRICA: UN ANÁLISIS DE COINTEGRACIÓN]]></article-title>
<article-title xml:lang="en"><![CDATA[THE FISHER HYPOTHESES IN LATIN AMERICA: A COINTEGRATION ANALYSIS]]></article-title>
<article-title xml:lang="pt"><![CDATA[A HIPÓTESE DE FISHER NA AMÉRICA LATINA: UMA ANÁLISE DE COINTEGRAÇÃO]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ruiz Porras]]></surname>
<given-names><![CDATA[Antonio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cruz Ruiz]]></surname>
<given-names><![CDATA[Fidel Gustavo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Guadalajara  ]]></institution>
<addr-line><![CDATA[Guadalajara ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Ayuntamiento de Guadalajara  ]]></institution>
<addr-line><![CDATA[Guadalajara ]]></addr-line>
<country>México</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>07</month>
<year>2016</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>07</month>
<year>2016</year>
</pub-date>
<volume>8</volume>
<numero>2</numero>
<fpage>301</fpage>
<lpage>326</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2248-60462016000200301&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2248-60462016000200301&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2248-60462016000200301&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN En este artículo se evalúan las hipótesis de Fisher y de integración de los mercados latinoamericanos mediante pruebas de cointegración y de cambio estructural endógeno. Los hallazgos sugieren varias conclusiones: a) el efecto Fisher se valida principalmente en Costa Rica; b) el efecto internacional de Fisher se valida débilmente entre Chile y Costa Rica y entre Colombia y México; c) la integración de los países y mercados es heterogénea, y d) únicamente Chile no tuvo cambios estructurales. En el estudio se usan series mensuales de Brasil, Chile, Colombia, Costa Rica, México y Perú durante el periodo comprendido entre enero de 1997 y diciembre de 2014. JEL: G15, F36, C32, C22.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT This article evaluates the Fisher hypothesis and the hypothesis of the integration of Latin American markets through co-integration and endogenous structural change tests. The findings suggest a number of conclusions: a) the Fisher effect is validated mainly in Costa Rica; b) the international Fisher effect is validated weakly between Chile and Costa Rica and between Colombia and Mexico; c) the integration of counties and markets is heterogeneous, and d) only Chile did not present structural changes. The study uses monthly series for Brazil, Chile, Colombia, Costa Rica, Mexico and Peru during the January 1997 to December 2014 period.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO Neste artigo, avaliam-se as hipóteses de Fisher e de integração dos mercados latino-americanos mediante testes de cointegração e de mudança estrutural endógena. Os achados sugerem várias conclusões: a) o efeito Fisher é validado principalmente na Costa Rica; b) o efeito internacional de Fisher é validado debilmente entre o Chile e a Costa Rica, e entre a Colômbia e o México; c) a integração dos países e mercados é heterogênea; d) unicamente o Chile não teve mudanças estruturais. Além disso, usam-se séries mensais do Brasil, Chile, Colômbia, Costa Rica, México e do Peru durante o período compreendido entre janeiro de 1997 e dezembro de 2014.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[hipótesis de Fisher]]></kwd>
<kwd lng="es"><![CDATA[integración financiera]]></kwd>
<kwd lng="es"><![CDATA[Latinoamérica]]></kwd>
<kwd lng="es"><![CDATA[cointegración]]></kwd>
<kwd lng="es"><![CDATA[cambio estructural endógeno]]></kwd>
<kwd lng="en"><![CDATA[Fisher hypothesis]]></kwd>
<kwd lng="en"><![CDATA[financial integration]]></kwd>
<kwd lng="en"><![CDATA[Latin America]]></kwd>
<kwd lng="en"><![CDATA[cointegration]]></kwd>
<kwd lng="en"><![CDATA[endogenous structural change]]></kwd>
<kwd lng="pt"><![CDATA[hipóteses de Fisher]]></kwd>
<kwd lng="pt"><![CDATA[integração financeira]]></kwd>
<kwd lng="pt"><![CDATA[América Latina]]></kwd>
<kwd lng="pt"><![CDATA[cointegração]]></kwd>
<kwd lng="pt"><![CDATA[mudança estrutural endógena]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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