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...