What Explains Movements in the Peso/Dollar Exchange Rate? Yi Wu

ISBN: 9781299803237

Published: January 1st 2013

ebook

23 pages


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What Explains Movements in the Peso/Dollar Exchange Rate?  by  Yi Wu

What Explains Movements in the Peso/Dollar Exchange Rate? by Yi Wu
January 1st 2013 | ebook | PDF, EPUB, FB2, DjVu, talking book, mp3, RTF | 23 pages | ISBN: 9781299803237 | 5.59 Mb

This paper examines the factors affecting the weekly peso/dollar exchange rate movements between 1999 and 2013 using an error correction model. The model fits the historical data well. While copper price is the most important determinant of the pesoMoreThis paper examines the factors affecting the weekly peso/dollar exchange rate movements between 1999 and 2013 using an error correction model.

The model fits the historical data well. While copper price is the most important determinant of the peso exchange rate over the long run, other factors including interest rate differential, global financial distress, local pension funds derivative position, as well as the Federal Reserves quantitative easing also affect the peso in the short run. The Central Bank of Chiles foreign exchange interventions in 2008 and 2011 had a small impact on the peso.



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