Tracking Exchange Rate Management in Latin America

Descripción del Articulo

cesar.carrera@bcrp.gob.pe
Detalles Bibliográficos
Autores: Carrera, César, Universidad Peruana de Ciencias Aplicadas (UPC)
Formato: artículo
Fecha de Publicación:2015
Institución:Universidad Peruana de Ciencias Aplicadas
Repositorio:UPC-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorioacademico.upc.edu.pe:10757/346843
Enlace del recurso:https://doi.org/10.1016/j.rfe.2015.02.004
http://hdl.handle.net/10757/346843
Nivel de acceso:acceso abierto
Materia:Exchange Rate Management
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dc.title.es_PE.fl_str_mv Tracking Exchange Rate Management in Latin America
title Tracking Exchange Rate Management in Latin America
spellingShingle Tracking Exchange Rate Management in Latin America
Carrera, César
Exchange Rate Management
title_short Tracking Exchange Rate Management in Latin America
title_full Tracking Exchange Rate Management in Latin America
title_fullStr Tracking Exchange Rate Management in Latin America
title_full_unstemmed Tracking Exchange Rate Management in Latin America
title_sort Tracking Exchange Rate Management in Latin America
dc.creator.es_PE.fl_str_mv Universidad Peruana de Ciencias Aplicadas (UPC)
author Carrera, César
author_facet Carrera, César
Universidad Peruana de Ciencias Aplicadas (UPC)
author_role author
author2 Universidad Peruana de Ciencias Aplicadas (UPC)
author2_role author
dc.contributor.author.fl_str_mv Carrera, César
dc.subject.es_PE.fl_str_mv Exchange Rate Management
topic Exchange Rate Management
description cesar.carrera@bcrp.gob.pe
publishDate 2015
dc.date.accessioned.es_PE.fl_str_mv 2015-03-18T14:40:29Z
dc.date.available.es_PE.fl_str_mv 2015-03-18T14:40:29Z
dc.date.issued.fl_str_mv 2015-03-18
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dc.identifier.citation.es_PE.fl_str_mv Carrera, C. (2015). Tracking Exchange Rate Managementin Latin America. Review of Financial Economics. doi:10.1016/j.rfe.2015.02.004
dc.identifier.issn.es_PE.fl_str_mv 1058-3300
dc.identifier.doi.es_PE.fl_str_mv https://doi.org/10.1016/j.rfe.2015.02.004
dc.identifier.uri.es_PE.fl_str_mv http://hdl.handle.net/10757/346843
dc.identifier.journal.es_PE.fl_str_mv Review of Financial Economics
identifier_str_mv Carrera, C. (2015). Tracking Exchange Rate Managementin Latin America. Review of Financial Economics. doi:10.1016/j.rfe.2015.02.004
1058-3300
Review of Financial Economics
url https://doi.org/10.1016/j.rfe.2015.02.004
http://hdl.handle.net/10757/346843
dc.language.iso.eng.fl_str_mv eng
language eng
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dc.publisher.es_PE.fl_str_mv Elsevier B.V.
dc.source.es_PE.fl_str_mv Universidad Peruana de Ciencias Aplicadas (UPC)
Repositorio Académico - UPC
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spelling a0a6596c6386789f53618a86218b344a-1Carrera, CésarUniversidad Peruana de Ciencias Aplicadas (UPC)2015-03-18T14:40:29Z2015-03-18T14:40:29Z2015-03-18Carrera, C. (2015). Tracking Exchange Rate Managementin Latin America. Review of Financial Economics. doi:10.1016/j.rfe.2015.02.0041058-3300https://doi.org/10.1016/j.rfe.2015.02.004http://hdl.handle.net/10757/346843Review of Financial Economicscesar.carrera@bcrp.gob.peThe exchange rate is one of the most important prices in any open economy. Tracking deviations from its long-run value may provide important information for policymakers. One way to track such deviations is to examine numerical patterns in exchange rates to see if the patterns appear to have been subject to some degree of policy management. Following this approach, we use Benford’s Law as our base case for free-floating exchange rates. Benford’s Law argues that the frequence of the appearance of numerals finds 1’s more frequent, than 2’s, than 3’s, etc., and this established statistical patterns has been verified and used in research tests in many scientific fields. We apply our forensic approach to exchange rates, computing the distribution of exchange-rate observed values and comparing them with those of Benford’s Law. We document such cases for 15 Latin American countries. Latin American countries are small open economies that are characterized for having different degrees of dollarization and intervention in the forex market, primary based on US dollar transactions. This is an alternative view of how these characteristics play a role with respect to an implied equilibrium exchange rate.Revisión por paresapplication/pdfengElsevier B.V.http://www.sciencedirect.com/science/article/pii/S105833001500018Xinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by/4.0/Universidad Peruana de Ciencias Aplicadas (UPC)Repositorio Académico - UPCreponame:UPC-Institucionalinstname:Universidad Peruana de Ciencias Aplicadasinstacron:UPCExchange Rate ManagementTracking Exchange Rate Management in Latin Americainfo:eu-repo/semantics/articlehttp://purl.org/coar/version/c_970fb48d4fbd8a21232018-06-15T08:41:50ZThe exchange rate is one of the most important prices in any open economy. Tracking deviations from its long-run value may provide important information for policymakers. One way to track such deviations is to examine numerical patterns in exchange rates to see if the patterns appear to have been subject to some degree of policy management. Following this approach, we use Benford’s Law as our base case for free-floating exchange rates. Benford’s Law argues that the frequence of the appearance of numerals finds 1’s more frequent, than 2’s, than 3’s, etc., and this established statistical patterns has been verified and used in research tests in many scientific fields. We apply our forensic approach to exchange rates, computing the distribution of exchange-rate observed values and comparing them with those of Benford’s Law. We document such cases for 15 Latin American countries. Latin American countries are small open economies that are characterized for having different degrees of dollarization and intervention in the forex market, primary based on US dollar transactions. This is an alternative view of how these characteristics play a role with respect to an implied equilibrium exchange rate.PublicationTHUMBNAILTracking Exchange Rate Managementin Latin America.pdf.jpgTracking Exchange Rate Managementin Latin America.pdf.jpgGenerated Thumbnailimage/jpeg38271https://upc.dspace7.openrepository.com/bitstreams/8db98917-3fef-53e9-bd7a-a0b4e01b04eb/downloadd6079c507cb94910b2ae74a8688f6732MD54elsevier-thumbnail.pngapplication/octet-stream137950https://upc.dspace7.openrepository.com/bitstreams/ccd05b97-404b-5d42-a306-b8cee0606e1e/download1f80a978c3f2069bb4ebca2378c389aeMD55ORIGINALTracking Exchange Rate Managementin Latin America.pdfTracking Exchange Rate Managementin Latin America.pdfapplication/pdf994022https://upc.dspace7.openrepository.com/bitstreams/7106a66a-794f-591c-b147-08d89fde0bb3/download6e9dfb67751d184a33dc80030defbc50MD51TEXTTracking Exchange Rate Managementin Latin America.pdf.txtTracking Exchange Rate Managementin Latin America.pdf.txtExtracted Texttext/plain41036https://upc.dspace7.openrepository.com/bitstreams/9c5fb9cb-502f-5391-b976-8e9696ade202/download818dff1c010b280070c5f60a7b2d50feMD53LICENSElicense.txtlicense.txttext/plain; charset=utf-81659https://upc.dspace7.openrepository.com/bitstreams/3046621c-b950-5bba-b432-765b6af83fd0/download1ed8f33c5404431ad7aabc05080746c5MD5210757/346843oai:upc.dspace7.openrepository.com:10757/3468432026-02-17 17:49:25.646https://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessopen.accesshttps://upc.dspace7.openrepository.comRepositorio académico upcrepositorioacademico@upc.edu.pe
score 13.075366
Tracking Exchange Rate Management in Latin America
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