Tipo de cambio, posiciones netas de los especuladores y el tamaño del mercado de futuros del peso mexicano
AbstractThe paper analyzes the relationship between the Mexican peso/ USD exchange rate and the net positions of speculators in the peso futures market at the Chicago Mercantile Exchange within the microstructure approach to exchange rate determination. For the period January 5th, 1999-November 1st, 2005, it is shown that the relationship has not been constant due to the fast growth in the peso futures market. This impliesthat any effort to forecast the peso/USD exchange rate exploiting this relationship must consider this fact.
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Bibliographic InfoArticle provided by in its journal Economia Mexicana NUEVA EPOCA.
Volume (Year): XVI (2007)
Issue (Month): 1 (January-June)
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Find related papers by JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F39 - International Economics - - International Finance - - - Other
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