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Presion y ataques especulativos en el mercado cambiario de la Republica Dominicana
[Pressure and speculative attacks on the foreign exchange market of the Dominican Republic]

Author

Listed:
  • Cruz Rodriguez, Alexis

Abstract

This paper examines the determinants of speculative attacks that occurred recently in the Dominican Republic, and proposes a series of indicators to serve as an early warning system for identifying vulnerable periods. The estimates were made using monthly data covering the period between January 1996 and June 2008. The results show that the proposed indicators have the ability to reasonably explain and predict the existence of a speculative attack.

Suggested Citation

  • Cruz Rodriguez, Alexis, 2008. "Presion y ataques especulativos en el mercado cambiario de la Republica Dominicana [Pressure and speculative attacks on the foreign exchange market of the Dominican Republic]," MPRA Paper 15172, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:15172
    as

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    File URL: https://mpra.ub.uni-muenchen.de/15172/1/MPRA_paper_15172.pdf
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    References listed on IDEAS

    as
    1. Barry Eichengreen & Andrew K. Rose & Charles Wyplosz, 1996. "Contagious Currency Crises," NBER Working Papers 5681, National Bureau of Economic Research, Inc.
    2. Graciela Kaminsky & Saul Lizondo & Carmen M. Reinhart, 1998. "Leading Indicators of Currency Crises," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 1-48, March.
    3. Mark Kruger & Patrick N. Osakwe & Jennifer Page, 2000. "Fundamentals, Contagion and Currency Crises: An Empirical Analysis," Development Policy Review, Overseas Development Institute, vol. 18(3), pages 257-274, September.
    4. repec:bla:scandj:v:98:y:1996:i:4:p:463-84 is not listed on IDEAS
    5. Girton, Lance & Roper, Don, 1977. "A Monetary Model of Exchange Market Pressure Applied to the Postwar Canadian Experience," American Economic Review, American Economic Association, vol. 67(4), pages 537-548, September.
    6. Frankel, Jeffrey A. & Rose, Andrew K., 1996. "Currency crashes in emerging markets: An empirical treatment," Journal of International Economics, Elsevier, vol. 41(3-4), pages 351-366, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Speculative attaks; foreign exchange market; probit model;
    All these keywords.

    JEL classification:

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

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    This paper has been announced in the following NEP Reports:

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