Forecasting the USD/COP exchange rate: a random walk with a variable drift
Borradores de Economía; No. 253
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2003-08-14Date of last update
2003-08-14Author
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Abstract
This study develops three exchange rate models as well as a simple statistical model defined as a random walk with a variable drift. The exchange rate models all use the purchasing power parity hypothesis to account for the long-term relationships between
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https://repositorio.banrep.gov.co/handle/20.500.12134/5271https://hdl.handle.net/20.500.12134/5271
https://doi.org/10.32468/be.253
https://ideas.repec.org/p/bdr/borrec/253.html
https://ideas.repec.org/p/col/000094/002736.html
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