Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/195408
Authors: 
Ruiz Porras, Antonio
Fregoso Becerra, Luis Enrique
Year of Publication: 
2018
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 25 [Year:] 2018 [Pages:] 295-317
Abstract (Translated): 
The exchange markets and the exchange rates of Asia and Latin America are studied econometrically. Endogenous structural change and cointegration analyzes and impulse-response functions are used. The findings indicate that: 1) the long-term timing of the exchange markets is low; 2) there is no evidence of synchronization in Asian markets; 3) a stochastic shock in a Latin American country has effects of greater magnitude and duration than a similar shock in an Asian country; and 4) there is no evidence that the Global Financial Crisis has induced structural changes in the dynamics of exchange rates. The daily spot exchange rates of Argentina, Brazil, Chile, China, Colombia, South Korea, India, Malaysia, Mexico and Thailand are used for the period from August 5, 2002 to January 22, 2016.
Subjects: 
exchange rates
Asia
Latin America
cointegration
endogenous structural change
impulse-response
JEL: 
C32
C22
G15
F30
Creative Commons License: 
https://creativecommons.org/licenses/by-sa/4.0/
Document Type: 
Article
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