Borradores de Economia
Número:
253
Publicado:
Clasificación JEL:
C33, F21, F34
Palabras clave:
Exchange Rate
Lo más reciente
Karina Acosta, Jesus Saldaña
Jhorland Ayala-García, Leider Manjarres-Beleño, María Urueta-Polo
Luis E. Arango, Luis E. Arango, Luz Adriana Flórez, Carlos Esteban Posada
This study develops three exchange rate models as well as a simple statistical model defined as a random walk with a variable drift. The exchange rate models all use the purchasing power parity hypothesis to account for the long-term relationships between