This paper uses a one-equation model proposed by Baífes, Elbadawi and O'Connell (1999) with the intention of measuring the degree of misalignment between the observed multilateral real exchange and its estimated level of long run equilibrium, in the Argentinean case. With that purpose, annual...

The financial and exchange rate crisis observed in Argentine at the end of 2001 showed the importance of understanding the factors that explain the evolution of the balance of payments and, in particular, of the current account. The objective of thiswork is to show recent developments in the...

Las exportaciones representan uno de los agregados más importantes de la economía argentina, tanto por su vinculación con la demanda doméstica como por su influencia en el comportamiento de la balanza comercial y de la cuenta corriente. Disponer de adecuados pronósticos de esta variable...

The turmoils occurred in East Asia in the 1990s have reminded the world of how rapidly and with what disruptive forte financia1 crises can erupt, and of how difficult it is to foresee the timing and full ramifications of these dramatic events. In this way, the paper examines the financia1 system...