The following article focus on a structuralist macroeconomic model of two different sectors: one is export oriented and based on commodities; and a second one based on industrial production for the domestic market. The analysis follows on considering the impact on returns, production and the...

The paper’s objective is to identify the balance of risks that economic agents incorporate in oil and exchange rate markets (peso/US dollar). For that purpose, two methodologies that are normally used to estimate the expected risk-neutral probability functions for a determinate underlying...

The exchange rate is influenced by multiple national and international macroeconomic factors, which generates high levels of uncertainty. The objective of this research is the construction of ARIMA-GARCH and ARIMAX-GARCH models as a tool for the forecast of the exchange rate in Colombia from the...

This paper estimates the exchange rate pass through to the consumer prices of tradable goods in Colombia during the period 1994-2007. The econometric analysis shows evidence of cointegration among the prices of tradable goods, nominal exchange rate, international prices and the trade...

It is argued that in Mexico there is not a fear of floating in the Calvo-Reinhart sense and that the market, as a result of the monetary policy instrument (corto), has determined a reatively stable exchange rate and more volatile interest rates. Thus, thé instantaneous interest rate response to...

The paper analyzes the relationship between the Mexican peso/ USD exchange rate and the net positions of speculators in the peso futures market at the Chicago Mercantile Exchange within the microstructure approach to exchange rate determination. For the period January 5th, 1999-November 1st,...