IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

Fragilidad financiera y tasa de cambio

  • Juan Carlos Castro Fernández


Registered author(s):

    En las siguientes páginas se presenta un modelo elaborado a partir del propuesto por Foley (2003), en el que se introducen la tasa de cambio y la deuda denominada en moneda extranjera para examinar la influencia de estas dos variables sobre la fragilidad financiera, considerando la hipótesis de inestabilidad financiera de Minsky (1982, 1987) con tipo de cambio flexible. Las posiciones financieras de las firmas (cubierta, especulativa y Ponzi) dependen de la tasa de cambio y de la tasa de interés. El modelo prueba que la depreciación nominal tiene efectos realesy puede causar crisis financieras y económicas, porque encarece el crédito y los bienes de capital, lo que produce una caída en las tasas de ganancia e inversión.

    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:
    Download Restriction: no

    Article provided by UN - RCE - CID in its journal REVISTA CUADERNOS DE ECONOMÍA.

    Volume (Year): (2011)
    Issue (Month): ()

    in new window

    Handle: RePEc:col:000093:009218
    Contact details of provider:

    No references listed on IDEAS
    You can help add them by filling out this form.

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

    When requesting a correction, please mention this item's handle: RePEc:col:000093:009218. 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: (Vladimir Leonardo Celis Agudelo)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.