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

Borradores de Economia
Number: 
970
DOI: 
http://doi.org/10.32468/be.970
Published: 
Classification JEL: 
C32, F31, E43
Download document

The most recent

Materials prices, market power, and the rise in processed food inflation in emerging markets: Evidence from Colombia
Jorge Florez-Acosta, Margarita María Gáfaro-González, Alejandra González-Ramírez, Juan Sebastián Vélez-Velásquez
Complementary Evidence on Colombia’s Business Cycle: A Perspective from the Growth Cycle Approach
Diego Vásquez-Escobar
Trade in services in Colombia, 1994-2024: A descriptive analysis
Sandra Isabel Salamanca-Gil, Enrique Montes-Uribe, Juan Sebastián Silva-Rodríguez

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