Forecasting the USD/COP exchange rate: a random walk with a variable drift

This study develops three exchange rate models as well as a simple statistical model defined as a random walk with a variable drift. The exchange rate models all use the purchasing power parity hypothesis to account for the long-term relationships between

Detalles Bibliográficos
Autor Principal: Rowland, Peter
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2003
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/5271