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Presión en el mercado cambiario para el caso venezolano (1984-2003)

Author

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  • Pedauga, Luis Enrique
  • Noguera, Carlos

Abstract

Esta investigación presenta una propuesta para medir el indicador de presión del mercado cambiario para el caso de Venezuela, haciendo uso de análisis de componentes principales. Por su parte, se presenta un modelo monetario ampliado con la riqueza del sector no financiero y la dinámica entre las tasas de interés domésticas y foráneas, para contrastar empíricamente, a través de método econométrico de retardos distribuidos, los determinantes de la presión del mercado cambiario venezolano dentro de la dinámica de la política monetaria en Venezuela entre los años 1984 y 2003.

Suggested Citation

  • Pedauga, Luis Enrique & Noguera, Carlos, 2006. "Presión en el mercado cambiario para el caso venezolano (1984-2003)," MPRA Paper 14294, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:14294
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    References listed on IDEAS

    as
    1. Weymark, Diana N., 1995. "Estimating exchange market pressure and the degree of exchange market intervention for Canada," Journal of International Economics, Elsevier, vol. 39(3-4), pages 273-295, November.
    2. Snell, Andy, 1996. "A test of purchasing power parity based on the largest principal component of real exchange rates of the main OECD economies," Economics Letters, Elsevier, vol. 51(2), pages 225-231, May.
    3. Girton, Lance & Roper, Don, 1977. "A Monetary Model of Exchange Market Pressure Applied to the Postwar Canadian Experience," American Economic Review, American Economic Association, vol. 67(4), pages 537-548, September.
    4. Don E. Roper & Stephen J. Turnovsky, 1980. "Optimal Exchange Market Intervention in a Simple Stochastic Macro Model," Canadian Journal of Economics, Canadian Economics Association, vol. 13(2), pages 296-309, May.
    5. Mark J. Holmes, 2002. "Exchange rate regimes and economic convergence in the European Union," Journal of Economic Studies, Emerald Group Publishing, vol. 29(1), pages 6-20, January.
    6. Pentecost, Eric J. & Van Hooydonk, Charlotte & Van Poeck, Andre, 2001. "Measuring and estimating exchange market pressure in the EU," Journal of International Money and Finance, Elsevier, vol. 20(3), pages 401-418, June.
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    Cited by:

    1. María Fernanda Hernández & Juan José Valero & María Bernardette Díaz, 2007. "Perfil de riesgos del sistema bancario venezolano: aplicación de la metodología de stress testing," Monetaria, CEMLA, vol. 0(4), pages 405-452, octubre-d.

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