摘要：La finalidad fundamental de este estudio es establecer modelos sobre el comportamiento, factores que influyen, y condicionantes generales macroeconómicas, que afectan la conducta de agentes financieros en dos ambientes diferenciados: (i) financiamiento directo; y (ii) financiamiento indirecto. Se considera el comportamiento de trabajadores con excedentes, inversionistas profesionales e intermediarios financieros, en particular instituciones bancarias. Se hace una aplicación de los modelos de Chakraborty y Ray sobre comportamiento de agentes financieros, y se discute el modelo Dornbusch que aborda elementos de política económica, en particular política cambiaria e implicaciones sobre balanza de pagos, cuenta corriente y empleo.
其他摘要：The fundamental intention of this paper is to establish specific models concerning behavioral evidences of financial agents, and general conditions they need to face as well. Here the analysis is focused in two different and main scenarios: (i) direct; and (ii) indirect financial spheres. This study takes into consideration three different financial agents: workers with income surpluses, professional investors, and financial intermediaries, including bank agencies. Regarding conduct of financial agents with direct and indirect financial resources, Chakraborty and Ray´s model is applied. A model based on Dornbusch contributions is addressed in reference to the influence of macroeconomic policies, specifically exchange rate decisions, which in turn affect trade balance, current account and employment levels within domestic markets.
