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Reservas Internacionales Y Mercado Paralelo De Divisas Bajo El Sistema De Minidevaluaciones: Aspectos Teoricos Y Empiricos

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  • SERGIO CLAVIJO VERGARA

Abstract

El presente trabajo tiene por objeto desarrollar y estimar un modelo de equilibrio parcial dentro del enfoque monetario de la balanza de pagos (EMBP, que permita evaluar los ajustes monetarios de una economía paquena-abierta bajo el sistema de minidevaluaciones y en presencia de un mercado paralelo de divisas. El modelo toma en cuenta los efectos de éste último mercado tanto sobre la demanda como sobre la oferta de dinero y los ajustes que ellos generaron en los flujos de las reservas internacionales, la tasa de inflación doméstica y la tasa de cambio oficial. Se realizan estimaciones econométricas para Colombia en el período 1974/1 a 1984/4, utilizando técnicas lineales de MC2E y no lineales de MC3E

Suggested Citation

  • Sergio Clavijo Vergara, 1987. "Reservas Internacionales Y Mercado Paralelo De Divisas Bajo El Sistema De Minidevaluaciones: Aspectos Teoricos Y Empiricos," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 6(11), pages 91-109, June.
  • Handle: RePEc:col:000107:003459
    DOI: 10.32468/Espe.1103
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    Cited by:

    1. Sergio Clavijo & Carlos Varela, 2003. "Flotación Cambiaria y Esterilización Monetaria: La Experiencia de Colombia," Borradores de Economia 256, Banco de la Republica de Colombia.

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    Keywords

    RESERVAS INTERNACIONALES;

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