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Ajuste Cambiario y Reservas Internacionales: Un Análisis Empírico

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  • Sebastián Edwards

Abstract

In this paper the relationship between the demand for international reserves and exchange rate adjustments is empirically investigated for a group of LDC's. It is shown that countries that have maintained a fixed exchange rate for a long period of time ha

Suggested Citation

  • Sebastián Edwards, 1982. "Ajuste Cambiario y Reservas Internacionales: Un Análisis Empírico," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 19(57), pages 193-202.
    • Handle: RePEc:ioe:cuadec:v:19:y:1982:i:57:p:193-202
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    References listed on IDEAS

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    1. John F. O. Bilson & Jacob A. Frenkel, 1979. "Dynamic Adjustment and the Demand for International Reserves," NBER Working Papers 0407, National Bureau of Economic Research, Inc.
    2. Fuller, Wayne A. & Battese, George E., 1974. "Estimation of linear models with crossed-error structure," Journal of Econometrics, Elsevier, vol. 2(1), pages 67-78, May.
    3. Maynard, Geoffrey & Bird, Graham, 1975. "International monetary issues and the developing countries: a survey," World Development, Elsevier, vol. 3(9), pages 609-631, September.
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