IDEAS home Printed from https://ideas.repec.org/a/col/000129/004370.html
   My bibliography  Save this article

¿Es eficiente el mercado cambiario colombiano? Una mirada desde las pruebas de cointegración

Author

Listed:
  • JULIO CÉSAR ALONSO C.
  • GLORIA CECILIA MARTÍNEZ

Abstract

Este artículo analiza la eficienciasemifuerte del mercado cambiario colombianocon dos regímenes de cambiodiferentes: el sistema de banda cambiariay el tipo de cambio flexible. En el estudiose emplearon diferentes pruebasde cointegración, adicionalmente unaprueba de restricciones en los parámetrosde cointegración, planteadapor Ferré y Hall (2002), con la cual sepuede demostrar que cointegración entrelos mercados de divisas no significanecesariamente ineficiencia de estos.Para realizar el estudio se emplearondatos diarios de la tasa de cambio. Losresultados indican que tanto para elrégimen de banda como el de tasa decambio flexible el mercado cambiariocolombiano es eficiente.

Suggested Citation

  • Julio César Alonso C. & Gloria Cecilia Martínez, 2007. "¿Es eficiente el mercado cambiario colombiano? Una mirada desde las pruebas de cointegración," Estudios Gerenciales, Universidad Icesi, October.
    • Handle: RePEc:col:000129:004370
    as

    Download full text from publisher

    File URL: http://dspace.icesi.edu.co/dspace/bitstream/item/1270/1/Eficiente_mercado_cambiario_colombiano.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Julio C. Alonso & Andrés M. Arcila, 2014. "Eficiencia semifuerte del mercado internacional del azúcar entre los anos 2001 y 2011," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000129:004370. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Coordinador ICESI (email available below). General contact details of provider: https://edirc.repec.org/data/fciceco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.