Exchange Rates Contagion in Latin America

Borradores de Economia
Número: 
842
Publicado: 
Clasificación JEL: 
C32, C51
Palabras clave: 
Exchange Rates, Contagion, Copula, Regular Vine

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Rocío Clara Alexandra Mora-Quiñones, Antonio José Orozco-Gallo, Dora Alicia Mora-Pérez
Leonardo Fabio Morales, Leonardo Bonilla-Mejía, Didier Hermida-Giraldo, Francisco Javier Lasso-Valderrama, José Pulido

A regular vine copula approach is implemented for testing for contagion among the exchange rates of the six largest Latin American countries. Using daily data from June 2005 through April 2012, we find evidence of contagion among the Brazilian, Chilean, C