Desalineamiento de la tasa de cambio, destorcidas de cuenta corriente y ataques especulativos en Colombia
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Juan José Echavarría & Enrique López Enciso & Martha Misas, 2008. "Desalineamiento de la Tasa de Cambio, Destorcidas de Cuenta Corriente y Ataques Especulativos en Colombia," Borradores de Economia 4581, Banco de la Republica.
- Juan Jose Echavarría & Enrique López Enciso & Martha Misas Arango, 2008. "Desalineamiento de la Tasa de Cambio, Destorcidas de Cuenta Corriente y Ataques Especulativos en Colombia," Borradores de Economia 500, Banco de la Republica de Colombia.
References listed on IDEAS
- Juan José Echavarría Soto & Enrique López Enciso & Martha Misas Arango, 2008.
"La tasa de cambio real de equilibrio en Colombia y su desalineamiento: estimación a través de un modelo SVEC,"
Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 26(57), pages 282-319, December.
- Juan José Echavarría Soto & Enrique López Enciso & Martha Misas Arango, 2008. "La tasa de cambio real de equilibrio en Colombia y su desalineamiento: estimación a través de un modelo SVEC," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 26(57), pages 282-319, December.
- Juan José Echavarría & Enrique López Enciso & Martha Misas, 2007. "La Tasa de Cambio Real de Equilibrio en Colombia y su Desalineamiento: Estimación a través de un modelo SVEC," Borradores de Economia 4389, Banco de la Republica.
- Juan José Echavarría & Enrique López Enciso & Martha Misas Arango, 2007. "La Tasa de Cambio Real de Equilibrio en Colombia y su Desalineamiento: Estimación a través de un modelo SVEC," Borradores de Economia 472, Banco de la Republica de Colombia.
- Ofair Razin & Susan M. Collins, 1997. "Real Exchange Rate Misalignments and Growth," International Finance 9707001, University Library of Munich, Germany.
- Valerie Cerra & Sweta Chaman Saxena, 2008.
"Growth Dynamics: The Myth of Economic Recovery,"
American Economic Review, American Economic Association, vol. 98(1), pages 439-457, March.
- Ms. Sweta Chaman Saxena & Ms. Valerie Cerra, 2005. "Growth Dynamics: The Myth of Economic Recovery," IMF Working Papers 2005/147, International Monetary Fund.
- Valerie Cerra & Sweta Chaman Saxena, 2007. "Growth dynamics: the myth of economic recovery," BIS Working Papers 226, Bank for International Settlements.
- Valerie Cerra & Sweta C. Saxena, 2005. "Growth Dynamics: The Myth of Economic Recovery," Macroeconomics 0508008, University Library of Munich, Germany.
- Juan José Echavarría & Diego Vásquez & Mauricio Villamizar, 2005.
"La tasa de cambio real en Colombia ¿Muy lejos del equilibrio?,"
Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 23(49), pages 134-191, December.
- Juan José Echavarría & Diego Vásquez & Mauricio Villamizar, 2005. "La tasa de cambio real en Colombia. ¿Muy lejos del equilibrio?," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 23(49), pages 134-191, December.
- Juan José Echevarría & Diego Vásquez & Mauricio Villamizar, 2005. "La Tasa De Cambio Real En Colombia. ¿Muy Lejos Del Equilibrio?," Borradores de Economia 3083, Banco de la Republica.
- Juan José Echavarría & Diego Vásquez & Mauricio Villamizar, 2005. "La tasa de cambio Real en Colombia. ¿Muy Lejos del Equilibrio?," Borradores de Economia 337, Banco de la Republica de Colombia.
- Frankel, Jeffrey A. & Rose, Andrew K., 1996.
"Currency Crashes in Emerging Markets: Empirical Indicators,"
Center for International and Development Economics Research (CIDER) Working Papers
233424, University of California-Berkeley, Department of Economics.
- Jeffrey A. Frankel & Andrew K. Rose, 1996. "Currency Crashes in Emerging Markets: Empirical Indicators," NBER Working Papers 5437, National Bureau of Economic Research, Inc.
- Frankel, Jeffrey A & Rose, Andrew K, 1996. "Currency Crashes in Emerging Markets: Empirical Indicators," CEPR Discussion Papers 1349, C.E.P.R. Discussion Papers.
- Jeffrey J. Frankel and Andrew K. Rose., 1996. "Currency Crashes in Emerging Markets: Empirical Indicators," Center for International and Development Economics Research (CIDER) Working Papers C96-062, University of California at Berkeley.
- Guillermo A. Calvo & Leonardo Leiderman & Carmen M. Reinhart, 1993.
"Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors,"
IMF Staff Papers, Palgrave Macmillan, vol. 40(1), pages 108-151, March.
- Mr. Leonardo Leiderman & Ms. Carmen Reinhart & Mr. Guillermo Calvo, 1992. "Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors," IMF Working Papers 1992/062, International Monetary Fund.
- Reinhart, Carmen & Calvo, Guillermo & Leiderman, Leonardo, 1993. "“Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors," MPRA Paper 7125, University Library of Munich, Germany.
- Leonardo Villar & Pilar Esguerra, 2005.
"Comercio Exterior Colombiano En El Siglo Xx,"
Borradores de Economia
358, Banco de la Republica de Colombia.
- Leonardo Villar & Pilar Esguerra, 2005. "El Comercio Exterior Colombiano En El Siglo Xx," Borradores de Economia 2468, Banco de la Republica.
- Marc Klau & John Hawkins, 2000. "Measuring potential vulnerabilities in emerging market economies," BIS Working Papers 91, Bank for International Settlements.
- Guillermo A. Calvo, 2008.
"Crises in Emerging Markets Economies: A Global Perspective,"
Central Banking, Analysis, and Economic Policies Book Series, in: Kevin Cowan & Sebastián Edwards & Rodrigo O. Valdés & Norman Loayza (Series Editor) & Klaus Schmidt- (ed.),Current Account and External Financing, edition 1, volume 12, chapter 3, pages 085-115,
Central Bank of Chile.
- Guillermo A. Calvo, 2005. "Crises in Emerging Market Economies: A Global Perspective," NBER Working Papers 11305, National Bureau of Economic Research, Inc.
- Guillermo Calvo, 2007. "Crises in Emerging Market Economies: A Global Perspective," Working Papers Central Bank of Chile 441, Central Bank of Chile.
- Barry Eichengreen & Andrew K. Rose & Charles Wyplosz, 1996.
"Contagious Currency Crises,"
NBER Working Papers
5681, National Bureau of Economic Research, Inc.
- Eichengreen, Barry & Rose, Andrew K & Wyplosz, Charles, 1996. "Contagious Currency Crises," CEPR Discussion Papers 1453, C.E.P.R. Discussion Papers.
- Caroline Freund & Frank Warnock, 2007.
"Current Account Deficits in Industrial Countries: The Bigger They Are, The Harder They Fall?,"
NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 133-168,
National Bureau of Economic Research, Inc.
- Caroline Freund & Frank Warnock, 2005. "Current Account Deficits in Industrial Countries: The Bigger They are, the Harder They Fall?," NBER Working Papers 11823, National Bureau of Economic Research, Inc.
- Milesi-Ferretti, G.M. & Razin, A., 1997. "Origins of Sharp Reductions in Current Account deficits: An Empirical Analysis," Papers 25-97, Tel Aviv.
- Roberto Junguito & Hernán Rincón, 2004.
"La Política Fiscal en el Siglo XX en Colombia,"
Borradores de Economia
318, Banco de la Republica de Colombia.
- Roberto Junguito & Hernán Rincón, 2004. "La Política Fiscal En El Siglo Xx En Colombia," Borradores de Economia 3052, Banco de la Republica.
- Engel, Charles & Hamilton, James D, 1990. "Long Swings in the Dollar: Are They in the Data and Do Markets Know It?," American Economic Review, American Economic Association, vol. 80(4), pages 689-713, September.
- Sebastian Edwards, 2004.
"Financial Openness, Sudden Stops, and Current-Account Reversals,"
American Economic Review, American Economic Association, vol. 94(2), pages 59-64, May.
- Sebastian Edwards, 2004. "Financial Openness, Sudden Stops and Current Account Reversals," NBER Working Papers 10277, National Bureau of Economic Research, Inc.
- 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.
- Kaminsky, Graciela & Lizondo, Saul & Reinhart, Carmen M., 1997. "Leading indicators of currency crises," Policy Research Working Paper Series 1852, The World Bank.
- Reinhart, Carmen & Kaminsky, Graciela & Lizondo, Saul, 1998. "Leading Indicators of Currency Crises," MPRA Paper 6981, University Library of Munich, Germany.
- Ilan Goldfajn & Rodrigo O. Valdés, 1999.
"The Aftermath of Appreciations,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(1), pages 229-262.
- Ilan Goldfajn & Rodrigo O. Valdes, 1996. "The Aftermath of Appreciations," NBER Working Papers 5650, National Bureau of Economic Research, Inc.
- Ilan Goldfajn & Rodrigo Valdés, 1997. "The Aftermath of Appreciations," Working Papers Central Bank of Chile 02, Central Bank of Chile.
- Hamilton, James D., 1990. "Analysis of time series subject to changes in regime," Journal of Econometrics, Elsevier, vol. 45(1-2), pages 39-70.
- Maurice Obstfeld, 1994. "The Logic of Currency Crises," NBER Working Papers 4640, National Bureau of Economic Research, Inc.
- Mr. Abdul d Abiad, 2003. "Early Warning Systems: A Survey and a Regime-Switching Approach," IMF Working Papers 2003/032, International Monetary Fund.
- Guillermo A. Calvo & Alejandro Izquierdo & Ernesto Talvi, 2006. "Sudden Stops and Phoenix Miracles in Emerging Markets," American Economic Review, American Economic Association, vol. 96(2), pages 405-410, May.
- Maria Milesi-Ferretti, Gian & Razin, Assaf, 1998.
"Sharp reductions in current account deficits An empirical analysis,"
European Economic Review, Elsevier, vol. 42(3-5), pages 897-908, May.
- Mr. Gian M Milesi-Ferretti & Assaf Razin, 1997. "Sharp Reductions in Current Account Deficits: An Empirical Analysis," IMF Working Papers 1997/168, International Monetary Fund.
- Gian Maria Milesi-Ferretti & Assaf Razin, 1997. "Sharp Reductions in Current Account Deficits: An Empirical Analyis," NBER Working Papers 6310, National Bureau of Economic Research, Inc.
- Krugman, Paul, 1979. "A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 311-325, August.
- Ofair Razin & Susan M. Collins, 1997. "Real Exchange Rate Misalignments and Growth," NBER Working Papers 6174, National Bureau of Economic Research, Inc.
- Guillermo A. Calvo & Leonardo Leiderman & Carmen M. Reinhart, 1993.
"Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors,"
IMF Staff Papers, Palgrave Macmillan, vol. 40(1), pages 108-151, March.
- Reinhart, Carmen & Calvo, Guillermo & Leiderman, Leonardo, 1993. "“Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors," MPRA Paper 7125, University Library of Munich, Germany.
- Reinhart, Carmen & Calvo, Guillermo & Leiderman, Leonardo, 1993. "Af1uencia de capital y apreciacion del tipo de cambio real en America Latina: E1 papel de los factores externos [Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of Ex," MPRA Paper 13681, University Library of Munich, Germany.
- Frankel, Jeffrey A. & Rose, Andrew K., 1996.
"Currency crashes in emerging markets: An empirical treatment,"
Journal of International Economics, Elsevier, vol. 41(3-4), pages 351-366, November.
- Jeffrey A. Frankel & Andrew K. Rose, 1996. "Currency crashes in emerging markets: an empirical treatment," International Finance Discussion Papers 534, Board of Governors of the Federal Reserve System (U.S.).
- International Monetary Fund, 2001. "Colombia: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2001/068, International Monetary Fund.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gloria Alonso & Juan Nicolás Hernandez & José David Pulido & Martha Lucía Villa, 2008.
"Medidas alternativas de tasa de cambio real para Colombia,"
Borradores de Economia
514, Banco de la Republica de Colombia.
- Gloria Alonso Masmela & Juan Nicólas Hernández & José David Pulido & Martha Lucía Villa, 2008. "Medidas Alternativas De Tasa De Cambio Real Para Colombia," Borradores de Economia 4679, Banco de la Republica.
- Rafael Puyana Martínez-Villaba, 2010. "El efecto Balassa-Samuelson en Colombia," Borradores de Economia 630, Banco de la Republica de Colombia.
- Rafael Puyana Martínez-Villalba, 2011. "El efecto Balassa-Samuelson en Colombia," Documentos CEDE 7959, Universidad de los Andes, Facultad de Economía, CEDE.
- Xiomara García Moreno, Luz Mery Huertas Romero, Andrés Mauricio Pérez Vásquez, 2012. "Análisis Macroeconómico Comparativo Entre Colombia Y Los Paises Del Efta," Revista Isocuanta 12350, Universidad Santo Tomás.
- Rafael Puyana, 2010. "El efecto Balassa-Samuelson en Colombia," Borradores de Economia 7801, Banco de la Republica.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Gian Maria Milesi Ferretti & Assaf Razin, 2000.
"Current Account Reversals and Currency Crises: Empirical Regularities,"
NBER Chapters, in: Currency Crises, pages 285-323,
National Bureau of Economic Research, Inc.
- Gian Maria Milesi-Ferretti & Assaf Razin, 1998. "Current Account Reversals and Currency Crises: Empirical Regularities," NBER Working Papers 6620, National Bureau of Economic Research, Inc.
- Mr. Gian M Milesi-Ferretti & Assaf Razin, 1998. "Current Account Reversals and Currency Crises: Empirical Regularities," IMF Working Papers 1998/089, International Monetary Fund.
- Milesi-Ferretti, Gian Maria & Razin, Assaf, 1998. "Current Account Reversals and Currency Crises: Empirical Regularities," CEPR Discussion Papers 1921, C.E.P.R. Discussion Papers.
- Juan José Echavarría & Andrés González, 2012.
"Choques internacionales reales y financieros y su impacto sobre la economía colombiana,"
Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 30(69), pages 14-66, December.
- Juan José Echavarría & Andrés González & Enrique López & Norberto Rodríguez, 2012. "Choques internacionales reales y financieros y su impacto sobre la economía colombiana," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 30(69), pages 14-66, December.
- Juan José Echavarría & Andrés González & Enrique López & Norberto Rodíguez, 2012. "Choques internacionales reales y financieros y su impacto sobre la economía colombiana," Borradores de Economia 728, Banco de la Republica de Colombia.
- Juan José Echavarría & Andrés gonzález & Enrique López & Norberto Rodríguez, 2012. "Choques internacionales reales y financieros y su impacto sobre la economía colombiana," Borradores de Economia 9884, Banco de la Republica.
- Ahec Šonje, Amina & Babić, Ante & Mlinarević, Katarina, 2003. "Determinants of currency disturbances in transition economies of Central and Eastern Europe," MPRA Paper 83140, University Library of Munich, Germany, revised Mar 2003.
- Frankel, Jeffrey, 2010. "Monetary Policy in Emerging Markets," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 25, pages 1439-1520, Elsevier.
- Ahec Šonje, Amina & Babić, Ante, 2002. "Measuring and predicting currency disturbances in Croatia: the “signals” approach," MPRA Paper 83137, University Library of Munich, Germany, revised Apr 2002.
- Jason Furman & Joseph E. Stiglitz, 1998. "Economic Crises: Evidence and Insights from East Asia," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 1-136.
- Daniel Aromi & Marcos Dal Bianco, 2014. "Un analisis de los desequilibrios del tipo de cambio real argentino bajo cambios de regimen," Working Papers 1431, BBVA Bank, Economic Research Department.
- Mohammad Karimi & Marcel‐Cristian Voia, 2019.
"Empirics of currency crises: A duration analysis approach,"
Review of Financial Economics, John Wiley & Sons, vol. 37(3), pages 428-449, July.
- Mohammad Karimi & Marcel-Cristian Voia, 2011. "Empirics of Currency Crises: A Duration Analysis Approach," Carleton Economic Papers 11-11, Carleton University, Department of Economics.
- Mohammad Karimi & Marcel-Cristian Voia, 2019. "Empirics of currency crises: A duration analysis approach," Post-Print hal-03528952, HAL.
- Komulainen, Tuomas, 2001. "Currency crises in emerging markets : Capital flows and herding behaviour," BOFIT Discussion Papers 10/2001, Bank of Finland, Institute for Economies in Transition.
- Ms. Sweta Chaman Saxena & Ms. Valerie Cerra, 2000. "Contagion, Monsoons, and Domestic Turmoil in Indonesia: A Case Study in the Asian Currency Crisis," IMF Working Papers 2000/060, International Monetary Fund.
- repec:zbw:bofitp:2001_010 is not listed on IDEAS
- Diehl, Markus & Schweickert, Rainer, 1998. "Currency crises: Is Asia different?," Kiel Discussion Papers 309, Kiel Institute for the World Economy (IfW Kiel).
- Karatas, B., 2014. "Financial crisis and monetary policy," Other publications TiSEM 41e463f0-e122-4379-8db5-6, Tilburg University, School of Economics and Management.
- Levan Efremidze & Akinori Tomohara, 2011. "Have the Implications of Twin Deficits Changed?: Sudden Stops over Decades," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(1), pages 66-76, February.
- Marcel Fratzscher, 2003.
"On currency crises and contagion,"
International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 8(2), pages 109-129.
- Marcel Fratzscher, 2000. "On Currency Crises and Contagion," Working Paper Series WP00-9, Peterson Institute for International Economics.
- Fratzscher, Marcel, 2002. "On currency crises and contagion," Working Paper Series 139, European Central Bank.
- Ho-Don Yan, 1999. "Intertemporal current account balance and the East Asian currency crises," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 5(3), pages 277-288, August.
- Adil Naamane, 2012.
"Peut-on prévenir les crises financières ?,"
Working papers of CATT
hal-01885154, HAL.
- Adil Naamane, 2012. "Peut-on prévenir les crises financières ?," Working Papers hal-01885154, HAL.
- Bicaba, Zorobabel & Kapp, Daniel & Molteni, Francesco, 2014.
"Stability periods between financial crises: The role of macroeconomic fundamentals and crises management policies,"
Economic Modelling, Elsevier, vol. 43(C), pages 346-360.
- Zorobabel Bicaba & Daniel Kapp & Francesco Molteni, 2011. "Stability periods between financial crises: The role of macroeconomic fundamentals and crises management policies," Documents de travail du Centre d'Economie de la Sorbonne 11064, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Zorobabel Bicaba & Daniel Kapp & Francesco Molteni, 2011. "Stability periods between financial crises : The role of macroeconomic fundamentals and crises management policies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00639869, HAL.
- Rakesh Padhan & K. P. Prabheesh, 2019. "Effectiveness Of Early Warning Models: A Critical Review And New Agenda For Future Direction," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 22(4), pages 457-484, December.
- Ari, Ali, 2008.
"An Early Warning Signals Approach for Currency Crises: The Turkish Case,"
MPRA Paper
25858, University Library of Munich, Germany, revised 2009.
- Ali ARI, 2009. "An Early Warning Signals Approach to the Currency Crises: The Turkish Case," 2009 Meeting Papers 1045, Society for Economic Dynamics.
- Mohammad Karimi & Marcel Voia, 2015.
"Identifying extreme values of exchange market pressure,"
Empirical Economics, Springer, vol. 48(3), pages 1055-1078, May.
- Mohammad Karimi & Marcel-Cristian Voia, 2011. "Identifying Extreme Values of Exchange Market Pressure," Carleton Economic Papers 11-10, Carleton University, Department of Economics.
More about this item
Keywords
Coyuntura Económica; Informes de Investigación; Ataques Especulativos; Crecimiento Económico; Reevaluación de la Tasa de Cambio; VEC Estructural (SVEC); Tipo de Cambio; Cuenta Corriente; Revaluación; Modelo Switching;All these keywords.
JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
Statistics
Access and download statisticsCorrections
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:000438:013335. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Patricia Monroy (email available below). General contact details of provider: https://edirc.repec.org/data/fedesco.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.