Fullerton, Thomas; Hattori, Miwa; Calderón, Cuauhtémoc - In: Journal of Economics and Finance 25 (2001) 3, pp. 358-368
A set of error correction models are proposed for the nominal exchange rate between the Mexican peso and the United States dollar. The basic theoretical frameworks utilize balance of payments and monetary constructs. Empirical estimation results are fairly weak for both specifications...