%0 Documento de trabajo (Working Paper) %A Rincón-Castro, Hernán %I Banco de la República %D 1999 %G Español (Spanish) %T Testing the short-and-long-run exchange rate effects on trade balance: the case of Colombia %U http://repositorio.banrep.gov.co/handle/20.500.12134/5138 %X This paper examines the role of exchange rates in determining the short-and-long-run trade balance behavior for Colombia. Conventional wisdom says that a nominal devaluation improves the trade balance. This conjecture is rooted in the Bickerdike- Robinson