This paper presents an econometric assessment of the uncovered interest parity (UIP) for Peruvian financial instruments and documents the main empirical regularities in this relationship. The information contents of interest rate differentials about depreciation expectations are assessed under...

Spanish Abstract: Desde finales del 2014 hasta enero del 2016 el peso mexicano se ha depreciado un 30 por ciento con respecto a la divisa estadounidense, por lo que se esperaría que en el largo plazo las exportaciones mexicanas sean más atractivas para el mercado de Estados Unidos. No...

Spanish Abstract: Al hablar de Tratados de Libre Comercio, se debe hacer un análisis de las relaciones internacionales que recaen sobre los mismos y de aspectos tales como la globalización. El caso del TLC entre Colombia y Estados Unidos muestra ciertos elementos contraproducentes para el...

Spanish Abstract: El presente documento tiene como objetivo presentar un panorama general sobre el desarrollo de la política arancelaria entre 2002 y 2014. Para ello, se revisó la evolución del Arancel Externo Común (AEC) de la Comunidad Andina de Naciones (CAN) y de las modificaciones...

This article discusses what kind of productive complementarities are needed between the Mercosur’s countries, in order to maximize the contribution to industrial development of the integration process, taking into account the international restrictions related to the Peripherical structural...

By mean of a comparison on the way Mexico and Thailand have driven their foreign policies along their histories, convergence and divergence are found out. Until the seventies. it is not yet possible to notice a convergence between both actors' foreign policies. From that moment on, we can see...

Regional integration is under discussion nowadays. In 1991, Argentina, Brazil, Paraguay and Uruguay created the MERCOSUR regional bloc, which was fully consolidated in 1995. The stabilization problems suffered by the region since 1999, asymmetry problems inside the bloc, the growth of...

English Abstract: The reaction of growth to trade liberalization has varied considerably across countries, with most countries gaining, but others being adversely affected by trade liberalization. Therefore, this study sought to examine the relationship between trade liberalization and economic...

Based on a standard set of factors pointed out by the literature we analyze the recent and rapid accumulation of international reserves in Venezuela. Among other things, we characterize the Venezuelan case and conduct a statistical analysis using a quarterly time series model between 1996 and...

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...