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
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Formato: | Documento de trabajo (Working Paper) |
Lenguaje: | Español (Spanish) |
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Banco de la República
2003
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Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/5271 |