Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Mexican Peso: Exchange Risk Coverage Management through the Forgotten Effects Theory


Author Info

  • Salazar-Garza, Ricardo

    (Universidad de Monterrey)

Registered author(s):


    El presente trabajo desarrolla un modelo no lineal de predicción del comportamiento del tipo de cambio a futuro basado en la opinión de los agentes económicos participantes en el mercado dólar/peso. Tales opiniones son tratadas mediante la Lógica Borrosa y una variante de ésta, conocida como la Teoría de los Efectos Olvidados.La finalidad es encontrar un mecanismo de toma de decisiones de cobertura que nos permita una administración de riesgo de tipo de cambio óptima a un menor costo que aquel que conlleva realizar operaciones con los instrumentos de cobertura tradicional. Para el periodo investigado y mediante este modelo, los resultados sustentan que las opiniones conjuntas de los expertos económicos involucrados en la toma de decisiones de administración de riesgo de tipo de cambio brindan mejores resultados que aquellos que utilizan métodos tradicionales en los mercados de futuros.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL:
    File Function: Full text
    Download Restriction: no

    Bibliographic Info

    Article provided by Universidad ESAN in its journal Journal of Economics, Finance and Administrative Science.

    Volume (Year): 17 (2012)
    Issue (Month): 32 ()
    Pages: 53-73

    as in new window
    Handle: RePEc:ris:joefas:0042

    Contact details of provider:
    Web page:
    More information through EDIRC

    Related research

    Keywords: Tipo de cambio; Lógica Borrosa; expertos en Mercado de Futuros; Efectos Olvidados; Expertones.;


    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Meese, Richard A. & Rogoff, Kenneth, 1983. "Empirical exchange rate models of the seventies : Do they fit out of sample?," Journal of International Economics, Elsevier, vol. 14(1-2), pages 3-24, February.
    2. Evans, Martin D. & Lyons, Richard K., 1999. "Order Flow and Exchange Rate Dynamics," Research Program in Finance, Working Paper Series qt0dh1c16w, Research Program in Finance, Institute for Business and Economic Research, UC Berkeley.
    3. Goldberg, Linda & Tenorio, Rafael, 1997. "Strategic trading in a two-sided foreign exchange auction1," Journal of International Economics, Elsevier, vol. 42(3-4), pages 299-326, May.
    4. Gunther Tichy, 2002. "Over-optimism Among Experts in Assessment and Foresight," ITA manu:scripts 02_05, Institute of Technology Assessment (ITA).
    Full references (including those not matched with items on IDEAS)



    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


    Access and download statistics


    When requesting a correction, please mention this item's handle: RePEc:ris:joefas:0042. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ESAN Ediciones).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.