Long Run Trends and Exchange Rates in Latin America: Evidence of High Frequency Data

Posted: 27 May 2008

See all articles by Isabel Ruiz

Isabel Ruiz

University of Oxford - Harris Manchester College

Abstract

Using daily data for the 1994-2005 period, this paper investigates the linkages and long-run trends among 14 Latin American countries. Specifically, we employ cointegration analysis to test for common stochastic trends across countries, among areas and over different periods of time. The evidence suggests a pattern of integration among Latin American countries and across some subregional areas (i.e. Mercosur). In particular, most countries have a long-run equilibrium relationship with the Brazilian real.

Keywords: exchange rates, Latin America, cointegration

JEL Classification: F31, F36

Suggested Citation

Ruiz, Isabel, Long Run Trends and Exchange Rates in Latin America: Evidence of High Frequency Data. Academy of Economics and Finance, Papers and Proceedings, Vol. 30, No. 1, 2006, Available at SSRN: https://ssrn.com/abstract=1138010

Isabel Ruiz (Contact Author)

University of Oxford - Harris Manchester College ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

HOME PAGE: http://www.economics.ox.ac.uk/index.php/staff/ruiz/

Do you have negative results from your research you’d like to share?

Paper statistics

Abstract Views
560
PlumX Metrics