Testing the short-and-long-run exchange rate effects on the trade balance : the case of Colombia
No. 35. Junio, 1999. Pág.: 87-121.
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This paper examines the role of the Exchange rate in determining the short and long run trade balance behavior for Colombia testing the BRM and ML conditions, and the J-curve hypothesis. It uses a regression model formulation which includes income and money so that the monetary and absorption approaches to the balance of payments are also examined.