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McNelis, Paul D.Asili, Carlos[A Dynamic Simulation Analysis of Currency Substitution in a Optimizing Framework with Transactions Costs]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 ...


McNelis, Paul D.[Money Demand and Seigniorage-maximizing Inflation in Latin America: Approximation, Learning, and Estimation with Neural Networks]Money Demand and Seigniorage-maximizing Inflation in Latin America: Approximation, Learning, and Estimation with Neural Networks

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...


Lim, Guay C.McNelis, Paul D.[Excess Returns and Systemic Risk for Chile and Mexico]Excess Returns and Systemic Risk for Chile and Mexico

McNelis, Paul D.[Indexing Policy in Historical and Doctrinal Perspective: A Survey of Recent Experience and Theoretical Development]Indexing Policy in Historical and Doctrinal Perspective: A Survey of Recent Experience and Theoretical Development

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