IDEAS home Printed from https://ideas.repec.org/a/udc/esteco/v9y1982i2p1-26.html
   My bibliography  Save this article

Reglas de devaluación bajo ajustes cambiarios frecuentes: Argentina y Chile, décadas 1960-1970

Author

Listed:
  • David E. Yuravlivker

Abstract

Este trabajo describe el tipo de cambio reptante como una función de reacción frente a shocks de las reservas internacionales destinada a restaurar un nivel deseado de las mismas. La estimación de las reglas de la devaluación para Argentina y Chile revela caracteres sistemáticos y bien definidos; al caer las reservas, por ejemplo, las autoridades devaluaron a una tasa mayor que el diferencial de inflación doméstica y mundial. Esta reactivación fue más que proporcional al movimiento de reservas, y se implementó casi exclusivamente en períodos de relativa escasez de liquidez internacional. Su efecto sobre las fluctuaciones del tipo de cambio real fue altamente significativo.

Suggested Citation

  • David E. Yuravlivker, 1982. "Reglas de devaluación bajo ajustes cambiarios frecuentes: Argentina y Chile, décadas 1960-1970," Estudios de Economia, University of Chile, Department of Economics, vol. 9(2), pages 1-26, December.
    • Handle: RePEc:udc:esteco:v:9:y:1982:i:2:p:1-26
    as

    Download full text from publisher

    File URL: http://www.econ.uchile.cl/uploads/publicacion/71a4dedf-09eb-4aa0-8f8b-e357b1e17344.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:udc:esteco:v:9:y:1982:i:2:p:1-26. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Verónica Kunze (email available below). General contact details of provider: https://edirc.repec.org/data/deuclcl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.