Determinación econométrica del tipo de cambio en México

José César Lenin Navarro () and Jessica Santos
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José César Lenin Navarro: Instituto de Investigaciones Económicas y Empresariales de la Universidad Michoacana de San Nicolás de Hidalgo, http://ininee-umich.org
Jessica Santos: Estudiante Becaria del Programa Académico CONACYT de la Maestría en Ciencias en Comercio Exterior en el Instituto de Investigaciones Económicas y Empresariales de la Universidad Michoacana de San Nicolás de Hidalgo.

Revista Nicolaita de Estudios Económicos, 2007, vol. II, issue 1, 9-27

Abstract: The present research examines the determinants of the nominal exchange rate in Mexico, for the short and long run. Based on a Cointegration model, we conclude that, for the long term, the nominal exchange rate is determined by: a) expectations of the nominal exchange rate; b) prices; c) monetary supply, and; d) productivity. While, for de short run, the nominal exchange rate is determined by: a) risk; expectations on the nominal exchange rate, and; c) prices.

Keywords: monetarism; fundamental model; purchasing power parity; cointegration; exchange rate (search for similar items in EconPapers)
JEL-codes: C51 C87 E00 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ris:rnicee:0025

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