Presion y ataques especulativos en el mercado cambiario de la Republica Dominicana

Pressure and speculative attacks on the foreign exchange market of the Dominican Republic

Alexis Cruz Rodriguez
Authors registered in the RePEc Author Service: Alexis Cruz-Rodriguez

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the determinants of speculative attacks that occurred recently in the Dominican Republic, and proposes a series of indicators to serve as an early warning system for identifying vulnerable periods. The estimates were made using monthly data covering the period between January 1996 and June 2008. The results show that the proposed indicators have the ability to reasonably explain and predict the existence of a speculative attack.

Keywords: Speculative attaks; foreign exchange market; probit model (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 2008-11
New Economics Papers: this item is included in nep-ifn
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:15172

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