Campos, María Isabel; Torres, José L.; Villegas, Esmeralda - 2007
This paper studies the credibility of the Venezuela crawling-band exchange rate regime during the period July, 1996 … can also be used in studying the credibility of crawling-band regimes. In analyzing the credibility of the Venezuela … crawling band, first we use the so-called simple credibility tests developed by Svensson (1991). Additionally, we estimate the …