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Sovereign risk and the real exchange rate : a non-linear approach

Jair Neftali
Ojeda-Joya
Gloria Inés
Sarmiento-Becerra
Viernes, 11 Noviembre 2016

We estimate a model of real exchange rate determination which is based on interest rate, term structure and purchasing power parities. This model takes into account sovereign risk as a key determinant with possibly non-linear effects. Estimations are perf