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Credibilidad, Problema Peso y Comportamiento de las Tasas de Interés: Chile 1979-1982

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  • Leonardo Hernández

Abstract

This paper analyzed the behavior of domestic interest rates after opening the Capital Account in Chile. Contrary to what has been argued by others, the Uncovered Interest Rate Parity Condition seems to hold when we allow for the possibility of a change in

Suggested Citation

  • Leonardo Hernández, 1991. "Credibilidad, Problema Peso y Comportamiento de las Tasas de Interés: Chile 1979-1982," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 28(85), pages 385-410.
    • Handle: RePEc:ioe:cuadec:v:28:y:1991:i:85:p:385-410
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    File URL: http://www.economia.uc.cl/docs/085herna.pdf
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    References listed on IDEAS

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    2. Vittorio Corbo & Jaime de Melo & James Tybout, 2015. "What Went Wrong with the Recent Reforms in the Southern Cone," World Scientific Book Chapters, in: Developing Countries in the World Economy, chapter 2, pages 21-54, World Scientific Publishing Co. Pte. Ltd..
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    8. Adrian Pagan, 1986. "Two Stage and Related Estimators and Their Applications," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(4), pages 517-538.
    9. Andersen, Torben M. & Risager, Ole, 1988. "Stabilization policies, credibility, and interest rate determination in a small open economy," European Economic Review, Elsevier, vol. 32(2-3), pages 669-679, March.
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