Resumo

VAZQUEZ SANCHEZ, Jorge. El comportamiento del precio de las acciones y recesión económica: EEUU y México. Prob. Des [online]. 2010, vol.41, n.160, pp.83-107. ISSN 0301-7036.

This article studies the corresponding crises in the United States and Mexico, distinguishing between their financial and economic aspects. The focus is on financial crises as natural cycles that may end in more or less deep economic recessions, where they would perform a prophylactic function in eliminating excess investment generated during the expansion stage. The intervention of the Central Bank is very important in mitigating the restrictions on liquidity and in this way tempering the fall in asset prices and, when relevant, the depth of the recession. The study is based on the financial crisis model proposed by Minsky and Kindleberger, as well as the technical analysis of stock price behavior.

Palavras-chave : financial crisis; recession; over-investment; technical analysis; stock prices.