The Real Exchange Rate in Colombia: Short-Run Dynamics and Long-Run Equilibrium

Joseph Joyce and L Kamas

Working Papers from Wellesley College - Department of Economics

Abstract: This paper analyzes the factors which determine the long-run real exchange rate in Colombia, distinguishing between real and nominal determinants. Cointegration analysis is utilized to establish that the real exchange rate has equilibrium relationships with real variables which exclude nominal variables.

Keywords: COLOMBIA; EXCHANGE RATE (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Pages: 29 pages
Date: 1995
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:wecoec:95-20

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