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dc.creatorMilas, Costas 
dc.creatorOtero, Jesus 
dc.date.accessioned2015-10-16T18:35:59Z
dc.date.available2015-10-16T18:35:59Z
dc.date.created2000-02
dc.date.issued2000
dc.identifier.issn0124-4396
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/11301
dc.description.abstractWe examine the long-run relationship between the parallel and the official exchange rate in Colombia over two regimes; a crawling peg period and a more flexible crawling band one. The short-run adjustment process of the parallel rate is examined both in a linear and a nonlinear context. We find that the change from the crawling peg to the crawling band regime did not affect the long-run relationship between the official and parallel exchange rates, but altered the short-run dynamics. Non-linear adjustment seems appropriate for the first period, mainly due to strict foreign controls that cause distortions in the transition back to equilibrium once disequilibrium occurs
dc.format.extent21 páginas
dc.format.mediumRecurso electrónico
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.relation.isversionof1
dc.relation.urihttps://ideas.repec.org/p/col/000091/003231.html
dc.sourceinstname:Universidad del Rosario
dc.sourcereponame:Repositorio Institucional EdocUR
dc.sourceinstname:Universidad del Rosario
dc.subject.ddcEconomía financiera 
dc.subject.lembCambio exterior::Colombia
dc.subject.lembTasas de interés::Colombia
dc.subject.lembPolítica monetaria::Colombia
dc.titleModelling official and parallel exchange rates in Colombia under alternative regimes: a non-linear approach
dc.typeworkingPaper
dc.publisherUniversidad del Rosario
dc.publisher.departmentFacultad de Economía
dc.identifier.editorialUniversidad del Rosario, Facultad de Economía
dc.subject.keywordParallel market
dc.subject.keywordCointegration
dc.subject.keywordNon-linear error correction models
dc.subject.keywordColombia
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.type.spaDocumento de trabajo
dc.rights.accesoAbierto (Texto completo)
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
dc.format.tipoDocumento
dc.rights.ccAtribución-NoComercial-SinDerivadas 2.5 Colombia
dc.relation.citationTitleEconomía. Serie Documentos, Borradores de Investigación


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