Testing the short-and-long-run exchange rate effects on the trade balance : the case of Colombia

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No. 35. Junio, 1999. Pág.: 87-121.
Date published
1999-06-01
Date of last update
1999-06
Author
Rincón-Castro, Hernán
Identifier
0120-4483
Document language
eng
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Summary
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.
JEL Codes
F41 - Open Economy MacroeconomicsF31 - Foreign ExchangeF32 - Current Account Adjustment; Short-Term Capital MovementsC32 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space ModelsC52 - Model Evaluation, Validation, and Selection
Subject
Devaluación ; Balanza comercial ; Condición BMR ; Condición ML ; Curva J ; Cointegración ;
Keywords
Devaluation ; Trade balance ; BMR condition ; ML condición ; J curve ; Cointegration ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/4072
https://hdl.handle.net/20.500.12134/4072
https://doi.org/10.32468/Espe.3503
https://ideas.repec.org/a/bdr/ensayo/vy1999i35p87-121.html
https://ideas.repec.org/a/col/000107/005394.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit