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Testing the Short-And-Long-Run Exchange Rate Effects on Trade Balance: The Case of Colombia

Hernán
Rincón-Castro
Domingo, 4 Abril 1999

This paper examines the role of exchange rates in determining the short-and-long-run trade balance behavior for Colombia. Conventional wisdom says that a nominal devaluation improves the trade balance. This conjecture is rooted in the Bickerdike- Robinson