De facto exchange rate regimes and inflation targeting in Latin America: Some empirical evidence from the past decade

  • Cecilia Bermúdez Instituto de Investigaciones Económicas y Sociales del Sur (IIESS)-Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET) . Departamento de Economía, Universidad Nacional del Sur.

Resumen

Este trabajo estima los regímenes cambiarios de facto de las siete economías más importantes de América Latina (LA-7) entre 1999 y 2011. Se utiliza la metodología de Zeileis, Shah y Patnaik (2010) que, a diferencia de otras desarrolladas hasta el momento, captura la estructura “fina” de los regímenes cambiarios de facto e identifica quiebres estructurales en fechas precisas. Se concluye que los países de AL-7 han logrado converger hacia un mayor grado de flotación cambiaria de facto, aunque existen diferencias en el grado de flexibilidad cambiaria entre los países que han adoptado esquemas de metas inflacionarias y los que carecen de ellas.

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Publicado
2014-06-25
Cómo citar
Bermúdez, C. (2014). De facto exchange rate regimes and inflation targeting in Latin America: Some empirical evidence from the past decade. EconoQuantum, 11(1), 31-57. https://doi.org/10.18381/eq.v11i1.77