Real and nominal determinants of real exchange rates in Latin America : short-run dynamics and long-run equilibrium

Joseph P. Joyce and Linda Kamas

This article analyses the factors that determine the long-run real exchange rate in Argentina, Colombia and Mexico, distinguishing between real and nominal determinants. Cointegration analysis is utilised to establish that the real exchange rate has an equilibrium relationship with real variables which excludes nominal variables and central bank intervention. (InWEnt/DÜI)

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Year of publication:	2003
Authors:	Joyce, Joseph P. ; Kamas, Linda
Published in:	The journal of development studies : JDS. - Abingdon, Oxfordshire : Routledge, ISSN 0022-0388, ZDB-ID 3018-1. - Vol. 39.2003, 6, p. 155-182
Subject:	Kaufkraftparität \| Purchasing power parity \| Argentinien \| Argentina \| Kolumbien \| Colombia \| Mexiko \| Mexico

Extent:	graph. Darst
Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Source:	ECONIS - Online Catalogue of the ZBW

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