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Colombia: El Traspaso Del Tipo De Cambio A Los Precios. Entre Dos Sistemas Monetarios
Hurtado, Ingrid Paola; Reyes, Johny Mariño - UNIVERSIDAD SANTO TOMÁS - 2011
Resumen La historia de la política monetaria en Colombia permite comparar dos sistemas monetarios. Con base en lo anterior, este artículo establece el nivel de traspaso del tipo de cambio a los precios, bajo el marco de una inflación objetivo y un tipo de cambio flotante en contraposición...
Persistent link: https://www.econbiz.de/10010946024
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Intervenciones cambiarias esterilizadas, teoría y evidencia:el caso de México
Santiago, Capraro Rodríguez; Ignacio, Perrotini Hernández - In: Contaduría y Administración 57 (2012) 2, pp. 11-44
The central Banks that apply a framework of monetary policy based on inflation targeting do not recognize that their foreign exchange market interventions represent a second monetary policy instrument used regularly with the aim of achieving monetary policy goals. The above on the grounds that...
Persistent link: https://www.econbiz.de/10010785461
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Globalización, crecimiento y crisis financieras. Lecciones de México y del mundo en desarrollo
Martínez, Lorenza; Tornell, Aarón; Westermann, Frank - In: El Trimestre Económico LXXI (2) (2004) 282, pp. 251-351
Is liberalization in developing countries good for growth even if it leads to crises? The answer is a clear yes. But then, how can we explain the less-than-stellar growth performance of Mexico, a prominent liberalizer and member of NAFTA? In this paper we address these questions by analyzing the...
Persistent link: https://www.econbiz.de/10004995009
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Efectividad de la intervención cambiaria en Guatemala
Maldonado, Castillo; Eduardo, Carlos - In: El Trimestre Económico LXXVII (3) (2010) 307, pp. 557-583
Purchase and sale oriented exchange rate intervention effectiveness carried on by the Central Bank of Guatemala is analyzed through an ACT-GARCH model. By using daily information for the period 1996-2008, it is found that purchase-ori- ented intervention tends to reduce the exchange rate long...
Persistent link: https://www.econbiz.de/10009318496
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Depreciation expectations and interest rate differentials: Are there regime switches? The Peruvian case
Humala, Alberto - Banco Central de Reserva del Perú - 2006
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...
Persistent link: https://www.econbiz.de/10005694895
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Reflexiones sobre la política cambiaria en México
Guerrero, Carlos; Urzúa, Carlos M. - Escuela de Graduados en Administración Pública y … - 2006
El documento pasa revista a cinco posibles alternativas cambiarias que podrían contemplar las autoridades en el momento actual. La primera es seguir con el actual status quo. Una segunda alternativa es la dolarización unilateral. La tercera es dar más mandatos al Banco de México. Una cuarta...
Persistent link: https://www.econbiz.de/10005148459
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Exchange rate volatility and growth in small open economies at the EMU periphery
Schnabl, Gunther - 2007
Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …
Persistent link: https://www.econbiz.de/10011604819
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Exchange Rate Volatility and Growth in Small Open Economies at the EMU Periphery
Schnabl, Gunther - 2008
Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …
Persistent link: https://www.econbiz.de/10012773503
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Endogenous Growth in an Open Economy and the Real Exchange Rate
Federici, Daniela; Gandolfo, Giancarlo - 2021
of the euro/dollar real exchange rate. Given this value, one could then give a precise meaning to the notion of … undervaluation or overvaluation of the euro, and calculate its misalignment. The problem however arises of how to assess the … calculations. This of course is not (yet) possible for the euro, so that all the calculations of the misalignment of the euro that …
Persistent link: https://www.econbiz.de/10013320859
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Market efficiency of euro exchange rates and trading strategies
Bošnjak, Mile; Novak, Ivan; Vlajčić, Davor - In: Naše gospodarstvo : NG 67 (2021) 2, pp. 10-19
This paper tests the hypothesis on market efficiency for returns on the euro against fifteen currencies while assuming …
Persistent link: https://www.econbiz.de/10012619841