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Condiciones de Mercado y Calidad como Determinantes del Traspaso del Tipo de Cambio: Evidencia a partir de Microdatos

Author

Listed:
  • Castellares, Renzo

    (Banco Central de Reserva del Perú)

Abstract

Este documento estima el traspaso del tipo de cambio a los precios utilizando datos del mercado de vehículos usados. Para ello, utilizamos información semanal de anuncios de ventas de vehículos publicados en el diario El Comercio entre los años 2014 y 2016. Encontramos, controlando por las características invariantes de cada vehículo y anunciante, que en promedio el precio de los vehículos en soles varía 0.7 por ciento, cuando el tipo de cambio varía en 1 por ciento. Asimismo, hallamos evidencia de un menor traspaso del tipo de cambio cuando la calidad del vehículo y la estrechez de mercado son mayores. Finalmente, encontramos evidencia de asimetrías en el traspaso tipo de cambio a los precios, las cuales dependen también de la estrechez de mercado y la calidad del vehículo.

Suggested Citation

  • Castellares, Renzo, 2017. "Condiciones de Mercado y Calidad como Determinantes del Traspaso del Tipo de Cambio: Evidencia a partir de Microdatos," Working Papers 2017-007, Banco Central de Reserva del Perú.
    • Handle: RePEc:rbp:wpaper:2017-007
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    Citations

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    Cited by:

    1. Samer Shousha, 2019. "The Dollar and Emerging Market Economies: Financial Vulnerabilities Meet the International Trade System," International Finance Discussion Papers 1258, Board of Governors of the Federal Reserve System (U.S.).
    2. Rodriguez, Gabriel & Castillo B., Paul & Calero, Roberto & Salcedo Cisneros, Rodrigo & Ataurima Arellano, Miguel, 2024. "Evolution of the exchange rate pass-through into prices in Peru: An empirical application using TVP-VAR-SV models," Journal of International Money and Finance, Elsevier, vol. 142(C).
    3. Castellares, Renzo & Toma, Hiroshi, 2020. "Effects of a mandatory local currency pricing law on the exchange rate pass-through," Journal of International Money and Finance, Elsevier, vol. 106(C).
    4. Castellares, Renzo, 2017. "Condiciones de mercado y calidad como determinantes del traspaso del tipo de cambio," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 33, pages 29-41.

    More about this item

    Keywords

    Traspaso; tipo de cambio; asimétrico; autos; dolarización; competencia; calidad.;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment

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