A Dynamic Simulation Analysis of Currency Substitution in a Optimizing Framework with Transactions Costs
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A Dynamic Simulation Analysis of Currency Substitution in a Optimizing Framework with Transactions Costs
This paper examines money demand and the seigniorage-maximizing inflation rates in Chile, Colombia, Mexico, and Peru with error-correction models (ECM) and artificial neural network (ANN) methods. The purpose is to approximate more accurately the "true" underlying non-linear functional forms for ...
This paper is concerned with excess returns in the equity markets and the evolution of systemic risk in Chile and Mexico during the years 1989-1998, a period of financial openness, policy reform and crisis. A time varying generalised autoregressive conditional heteroscedastic in mean framework is...
Indexing Policy in Historical and Doctrinal Perspective: A Survey of Recent Experience and Theoretical Development
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