The purpose of this paper is to compare four major exchange rate models for the Costa Rica Colon. We examine exchange rate data for the Costa Rica/U.S. dollar relationship from 1981-2007 and find that monetary models have a higher explanatory ability whereas the Mundell-Fleming model performs...

Applying the VAR model and based on the equilibrium condition for aggregate demand and aggregate supply, the author finds that real GDP in Argentina responds negatively to a shock to the real interest rate, the external debt ratio, or the real exchange rate and positively to a shock to real...

This paper applies demand and supply analysis to examine the government bond yield in Spain. The sample ranges from 1999.Q1 to 2014.Q2. The EGARCH model is employed in empirical work. The Spanish government bond yield is positively associated with the government debt/GDP ratio, the short-term...