Advanced Search
MyIDEAS: Login to save this paper or follow this series

Efectividad Del Control A Los Flujos De Capital: Un Reexamen Empírico De La Experiencia Reciente Reciente En Colombia

Contents:

Author Info

  • Hernán Rincón

    ()

Abstract

Este trabajo utiliza una medida de los flujos de capital privado de corto plazo y variables que buscan capturar los niveles de los créditos comerciales y de las transacciones internacionales y factores de expulsión y atracción para evaluar la efectividad de los controles de capital, específicamente de un depósito no remunerado sobre los flujos de crédito externo, en el caso colombiano. Se utiliza la metodología de Johansen y Juselius la cual permite usar directamente variables no estacionarias en las estimaciones y controlar por problemas de simultaneidad. La conclusión principal es que los controles han sido efectivos en disminuir los flujos de capital de corto plazo. La evidencia resalta también el papel jugado por factores de expulsión y atracción en la determinación de los flujos de crédito externo y muestra que la hipótesis de paridad descubierta de interés, ajustada por una prima de riesgo, no es satisfecha por los datos.

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: http://www.banrep.gov.co/docum/ftp/borra132.pdf
Download Restriction: no

Bibliographic Info

Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 002412.

as in new window
Length: 23
Date of creation: 30 Sep 1999
Date of revision:
Handle: RePEc:col:000094:002412

Contact details of provider:

Related research

Keywords: Paridad Descubierta de Interés;

References

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. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Antonio David, 2009. "Are price-based capital account regulations effective in developing countries?," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 41(26), pages 3375-3388.

Lists

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

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:col:000094:002412. 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: (Clorith Angélica Bahos Olivera).

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.