Un análisis de la credibilidad y del comportamiento de las bandas unilaterales de los tipos de cambio en México y Chile
AbstractThe purpose of this study is to gauge the performance of unilateral target zones arrangements in two Latin American countries, Mexico and Chile. In doing so we look at the institutional and historical evolution of these exchange rate regimes. We then deal with performance in a more formal fashion by looking at the stochastic behavior of the exchange rates and the credibility of the target zones using techniques developed by Svensson (1991) and Chen and Giovannini (1992a, 1992b, and 1993). The results indicate both the Chilean and Mexican arrangements have been credible.
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Bibliographic InfoArticle provided by in its journal Economia Mexicana NUEVA EPOCA.
Volume (Year): III (1994)
Issue (Month): 1 (January-June)
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- Arturo José Galindo, .
"Estimating Credibility in Colombia's Exchange Rate Target Zone,"
Borradores de Economia, Banco de la Republica de Colombia
103, Banco de la Republica de Colombia.
- Galindo, Arturo J., 2000. "Estimating credibility in Colombia's exchange-rate target zone," Journal of Development Economics, Elsevier, Elsevier, vol. 63(2), pages 473-484, December.
- Arturo José Galindo, 1998. "Estimating Credibility In Colombia'S Exchange Rate Target Zone," BORRADORES DE ECONOMIA, BANCO DE LA REPÃBLICA 002604, BANCO DE LA REPÚBLICA.
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