Modelling official and parallel exchange rates in Colombia under alternative regimes: a non-linear approach
We examine the long-run relationship between the parallel and the official exchange rate in Colombia over two regimes; a crawling peg period and a more flexible crawling band one. The short-run adjustment process of the parallel rate is examined both in a linear and a nonlinear context. We find that...
Autores Principales: | , |
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Formato: | Documento de trabajo (Working Paper) |
Lenguaje: | Inglés (English) |
Publicado: |
Universidad del Rosario
2000
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Materias: | |
Acceso en línea: | http://repository.urosario.edu.co/handle/10336/11301 |