SciELO - Scientific Electronic Library Online

 
 número21La economía va bien pero el empleo va mal: factores que han explicado la demanda de trabajo en la industria colombiana durante los años 2002-2009Entrando en cintura: implicaciones de política económica sobre la sostenibilidad de la deuda pública en la zona euro índice de autoresíndice de materiabúsqueda de artículos
Home Pagelista alfabética de revistas  

Servicios Personalizados

Revista

Articulo

Indicadores

Links relacionados

  • En proceso de indezaciónCitado por Google
  • No hay articulos similaresSimilares en SciELO
  • En proceso de indezaciónSimilares en Google

Compartir


Perfil de Coyuntura Económica

versión On-line ISSN 1657-4214

Resumen

MONTOYA R., Jaime. Nominal exchange rate: an alternative set of determinants under a model of supply and demand for foreign exchange. Perf. de Coyunt. Econ. [online]. 2013, n.21, pp.63-91. ISSN 1657-4214.

The present work about the nominal exchange rate is based on two previous works which inquire about determinants of the price of currency; the theoretical model is a model of supply and demand of currency following the Keynesian methodology of money demand; thus, both the supply and demand of currency are decomposed in transactional fundamentals and speculative. Tasks developed were: a) Prove that the group of variables used in the previous works holds when the sample is extended, b) Introduce the intervention of the Republic Bank in the market of currency as an explanatory variable, c) estimate models with adjustments of interest rates, although no attempt was made to formulate and empirically test Taylor rules, which contains external rates and a decision rule for the chance of monetary policy position like that based in the comparison of the basic inflation and the objective or the large term inflation of the economy, and d) the estimation of the model for the Chilean economy as a first approach to international studies.

Palabras clave : Nominal Exchange Rate; Transactional Demand of Currency; Speculative Demand of Currency; Transactional Supply of Currency; Speculative Supply of Currency; Purchases and Sales of Currency; Adjustments of Interest Rates.

        · resumen en Español | Francés     · texto en Español     · Español ( pdf )

 

Creative Commons License Todo el contenido de esta revista, excepto dónde está identificado, está bajo una Licencia Creative Commons