Biblioteca Digital de VanguardiaBehavior of the real exchange rate in the long run: empirical evidence in eight Latin American countries
This paper uses a variance ratio statistic in order to capture the importance of the non-stationary component in the real exchange rate in 8 Latin-American countries. The outcome is then used to determine the behavior of this variable in the long run. The authors conclude that the real exchange rate...
| Autores principales: | , |
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| Formato: | info:eu-repo/semantics/article |
| Lenguaje: | Español |
| Publicado: |
Universidad del Pacífico
1990
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| Acceso en línea: | https://revistas.up.edu.pe/index.php/apuntes/article/view/314 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52645 |
| _version_ | 1782335690460102656 |
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| author | León Astete, Javier Oliva, Carlos |
| author_facet | León Astete, Javier Oliva, Carlos |
| author_sort | León Astete, Javier |
| collection | Repositorio |
| description | This paper uses a variance ratio statistic in order to capture the importance of the non-stationary component in the real exchange rate in 8 Latin-American countries. The outcome is then used to determine the behavior of this variable in the long run. The authors conclude that the real exchange rate shows a quasi-stationary process in all the countries, with an important mean-reverting component that reverts part of the innovation in a less than five years period. |
| format | info:eu-repo/semantics/article |
| id | clacso-CLACSO52645 |
| institution | CLACSO, Repositorio Digital |
| language | Español |
| publishDate | 1990 |
| publisher | Universidad del Pacífico |
| record_format | greenstone |
| spelling | clacso-CLACSO526452022-03-17T18:47:47Z Behavior of the real exchange rate in the long run: empirical evidence in eight Latin American countries Comportamiento del tipo de cambio real en el largo plazo: evidencia empírica de ocho países latinoamericanos León Astete, Javier Oliva, Carlos This paper uses a variance ratio statistic in order to capture the importance of the non-stationary component in the real exchange rate in 8 Latin-American countries. The outcome is then used to determine the behavior of this variable in the long run. The authors conclude that the real exchange rate shows a quasi-stationary process in all the countries, with an important mean-reverting component that reverts part of the innovation in a less than five years period. En este trabajo se utiliza el estadístico del ratio de variación con el objeto de determinar la importancia del componente no-estacionario en el tipo de cambio real de 8 países latinoamericanos. Este resultado es luego empleado para determinar el comportamiento de esta variable en el largo plazo. La evidencia empírica permite concluir que el tipo de cambio real para la muestra considerada sigue un proceso cuasi-estacionario, con un fuerte efecto de mean-reverting, que anula gran parte de la innovación en un período menor a cinco años. 1990-12-10 2022-03-17T18:47:47Z 2022-03-17T18:47:47Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://revistas.up.edu.pe/index.php/apuntes/article/view/314 10.21678/apuntes.27.314 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52645 spa https://revistas.up.edu.pe/index.php/apuntes/article/view/314/316 Derechos de autor 2017 Apuntes http://creativecommons.org/licenses/by/4.0 application/pdf Universidad del Pacífico Apuntes. Social Sciences Journal; Apuntes 27; 13-29 Apuntes. Revista de ciencias sociales; Apuntes 27; 13-29 2223-1757 0252-1865 |
| spellingShingle | León Astete, Javier Oliva, Carlos Behavior of the real exchange rate in the long run: empirical evidence in eight Latin American countries |
| title | Behavior of the real exchange rate in the long run: empirical evidence in eight Latin American countries |
| title_full | Behavior of the real exchange rate in the long run: empirical evidence in eight Latin American countries |
| title_fullStr | Behavior of the real exchange rate in the long run: empirical evidence in eight Latin American countries |
| title_full_unstemmed | Behavior of the real exchange rate in the long run: empirical evidence in eight Latin American countries |
| title_short | Behavior of the real exchange rate in the long run: empirical evidence in eight Latin American countries |
| title_sort | behavior of the real exchange rate in the long run: empirical evidence in eight latin american countries |
| url | https://revistas.up.edu.pe/index.php/apuntes/article/view/314 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52645 |