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...

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Detalles Bibliográficos
Autores Principales: Milas, Costas, Otero, Jesus
Formato: Documento de trabajo (Working Paper)
Lenguaje:Inglés (English)
Publicado: Universidad del Rosario 2000
Materias:
Acceso en línea:http://repository.urosario.edu.co/handle/10336/11301