This article examines stationarity properties, linkages and market efficiency of the Latin American foreign exchange markets over the 1994 to 2005 period. By using daily data for 14 countries we apply bivariate and multivariate cointegration estimations and we further account for the presence of...

This study examines the link between monetary policy and the housing market. The analysis is conducted using impulse response functions derived from a factor-augmented vector autoregression (FAVAR) model. The FAVAR methodology as developed by Bernanke et al. (2005) avoids the degrees of freedom...