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The Real Exchange Rate in Colombia : Short-Run Dynamics and Long-Run Equilibrium

Author

Listed:
  • Joyce, J-P
  • Kamas, L

Abstract

This paper analyzes the factors which determine the long-run real exchange rate in Colombia, distinguishing between real and nominal determinants. Cointegration analysis is utilized to establish that the real exchange rate has equilibrium relationships with real variables which exclude nominal variables.

Suggested Citation

  • Joyce, J-P & Kamas, L, 1995. "The Real Exchange Rate in Colombia : Short-Run Dynamics and Long-Run Equilibrium," Papers 95-20, Wellesley College - Department of Economics.
    • Handle: RePEc:fth:wecoec:95-20
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    Cited by:

    1. Juan José Echavarría & Diego Vásquez & Mauricio Villamizar, 2005. "La tasa de cambio real en Colombia ¿Muy lejos del equilibrio?," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 23(49), pages 134-191, December.

    More about this item

    Keywords

    COLOMBIA ; EXCHANGE RATE;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange

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