Sovereign risk and the real exchange rate : a non-linear approach

We estimate a model of real exchange rate determination which is based on interest rate, term structure and purchasing power parities. This model takes into account sovereign risk as a key determinant with possibly non-linear effects. Estimations are perf

Detalles Bibliográficos
Autores Principales: Ojeda-Joya, Jair N., Sarmiento-Becerra, Gloria Inés
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2016
Acceso en línea: