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Evaluando las intervenciones cambiarias en Colombia: 2004-2012

Author

Listed:
  • Mauricio Lopera
  • Ramón Javier Mesa
  • Charle Londoño

Abstract

Esta investigación tiene como propósito evaluar la efectividad de las intervenciones en el mercado cam- biario colombiano, utilizando el modelo teórico canal de coordinación bajo la metodología red neuronal de regresión cuantil. Con este objetivo se estima el efecto de los inversionistas no informados, informados y el emisor en diferentes cuantiles de la distribución del retorno de la tasa de cambio en el largo plazo. Se encuentra que la autoridad cambiaria tiene una mayor influencia en los cuantiles inferiores de la distribución, como son los de 5 y 25%, que recogen efectos asociados con la revaluación del peso.

Suggested Citation

  • Mauricio Lopera & Ramón Javier Mesa & Charle Londoño, 2014. "Evaluando las intervenciones cambiarias en Colombia: 2004-2012," Estudios Gerenciales, Universidad Icesi, March.
    • Handle: RePEc:col:000129:011451
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    File URL: http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/1768
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    References listed on IDEAS

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    1. Alfredo Bateman y Javier E. Martinez & Javier Esteban Martinez, 2010. "Cuaderno 4: Análisis de las fuentes de oferta y demanda en el mercado de divisas," Cuadernos de Desarrollo Económico 7586, Secretaría Distrital de Desarrollo Económico.

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    More about this item

    Keywords

    Intervenciones cambiariasModelo de canal de coordinaciónRed neuronal de regresión del cuantil;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics

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