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Crisis cambiaria en un sistema con minidevaluaciones : el caso colombiano

Author

Listed:
  • Humberto Mora A.
  • Juan Manuel Julio
  • Santiago Herrera A.

Abstract

Este trabajo incorpora el modelo de Grilli (1986), que contempla las posibilidades de ataques especulativos tanto de la compra como de venta de reservas internacionales, al modelo estimado empíricamente por Cumby-Van Wijnbergen (1989). El modelo resultante se estima para la economía colombiana en el período 1977-1991, y se obtiene un estimativo de la probabilidad ex - ante de abandono del régimen de minidevaluaciones, ya sea por expectativas de devaluación o por expectativas de revaluación de la tasa de cambio.

Suggested Citation

  • Humberto Mora A. & Juan Manuel Julio & Santiago Herrera A., 1991. "Crisis cambiaria en un sistema con minidevaluaciones : el caso colombiano," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 10(20), pages 7-51, December.
    • Handle: RePEc:col:000107:005310
    DOI: 10.32468/Espe.2001
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    Cited by:

    1. Juan Manuel Julio & Javier Guillermo Gómez & Manuel Dario Hernández, 2017. "La Inflación de los Precios Rígidos en Colombia," Borradores de Economia 1007, Banco de la Republica de Colombia.
    2. Graciela Kaminsky & Saul Lizondo & Carmen M. Reinhart, 1998. "Leading Indicators of Currency Crises," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 1-48, March.
    3. Isidro Hernández Rodríguez, 2015. "Economía política de la tributación en Colombia," Books, Universidad Externado de Colombia, Facultad de Economía, edition 1, number 70.

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