La relacion entre el tipo de cambio nominal y los precios depende del tipo de perturbaciones que afectan a la economia. Con el fin de identificar fuentes de fluctuacion del tipo de cambio y de los precios relativos en España, imponemos restricciones de largo plazo sobre estas variables a traves...

Over the last decade economic integration has advanced in both areas, and this has been seen as an opportunity for real convergence in Latin America and in the European periphery. But our approach emphasises that integration has to be supplemented by macroeconomic stability and structural...

In recent years, for most emerging markets, public debt has decreased and its composition has evolved toward domestic currency. This progress is remarkable in terms of reduced financial vulnerability, which has been underpinned by favourable financing conditions and related deepening of local...

Artículo de revista

Artículo de revista

Artículo de revista ; Resumen de las principales conclusiones del Documento de trabajo relacionado

Artículo de revista

Exchange rates in Latin America display a large volatility, constitute a central element of the policy strategies and their evolution have an important impact on financial stability due to the dollarization of liabilities which most countries exhibit. However, assessments on equilibrium exchange...