El propósito de este artículo es probar empíricamente el impacto de la liberación de capital sobre el flujo del intercambio bilateral de bienes y servicios. Se empleó un modelo de gravedad extendido para veinte países latinoamericanos para un periodo comprendido entre 1995 y 1999. Los...

This paper develops variants of the model suggested by Glick and Rogoff (1996) and VAR models to analyze short term effects of the main determinants for the current account in Costa Rica. Empirical evidence suggests that, lagged investment, government’s primary surplus, terms of trade,...

The purpose of the present document is to analyze the main factors that determine Central Bank foreign reserve accumulation in Costa Rica and to estimate an econometric specification to forecast the foreign reserve stock in a two-year span. The foreign reserves stock represents an important...