The goal of this paper is to identify the main determinants of the risk premium in some European currency markets just before the EMU. To do this the authors propose an exchange rate model and derive a formula for the forward premium. This formula includes money and production variables and is...

The approximation of G/G/s models from Markov models M/M/s has been studied in the literature. The study of a queue model is detailed in the present article, using times of arrivals and time service distributed by Weibull whose estimation of parameters was performed with the Bayesian method...

The approximation of G/G/s models from Markov models M/M/s has been studied in the literature. The study of a queue model is detailed in the present article, using times of arrivals and time service distributed by Weibull whose estimation of parameters was performed with the Bayesian method...

In this paper we apply three different statistical procedures to the peseta/dollar exchange rate with the objective of discovering the true foreign exchange regime followed by the monetary authorities during the 1965-1998 period. The study´s perspective emphasizes the divergence between de jure...

Currencies in developing countries are not freely convertible; they show higher inflation and volatility levels and show periods of sharp appreciation and depreciation. These characteristics not only are a challenge for economic authorities, but also call attention to their ability to fully...

Las monedas locales de los países en vías de desarrollo, además de no ser librementeconvertibles a nivel internacional, suelen experimentar niveles de inflación superiores ymás volátiles, al tiempo que tienden a sufrir periodos de fuerte apreciación y depreciación.Estas bien conocidas...

Las monedas locales de los países en vías de desarrollo, además de no ser libremente convertibles a nivel internacional, suelen experimentar niveles de inflación superiores y más volátiles, al tiempo que tienden a sufrir periodos de fuerte apreciación y depreciación. Estas bien conocidas...

This paper develops a dynamic stochastic general equilibrium model, which is calibrated for the Peruvian economy and can be useful for the design and analysis of monetary policy. The model includes a second currency that replaces partially the domestic currency in its functions of unit of...

Through a VECM, during 1961-2017 in Argentina, we found cointegration between the Multilateral Real Exchange Rate and four fundamental variables: Net Foreign Assets, Public Expenditure, Terms of Trade, and Productivity. Defining the Real Exchange Rate as domestic prices in dollars, we estimate a...

Through a VECM, during 1961-2017 in Argentina, we found cointegration between the Multilateral Real Exchange Rate and four fundamental variables: Net Foreign Assets, Public Expenditure, Terms of Trade, and Productivity. Defining the Real Exchange Rate as domestic prices in dollars, we estimate a...