Eficiencia de mercado, paridad del poder adquisitivo y cointegración en los mercados centroamericanos de divisas extranjeras

The assumption that black market exchange rates follow a random walk and/or are determined by the purchasing power parity condition is commonly imposed in macroeconomic models. The results from standard tests of black market efficiency, under the weak form, are not conclusive without any ambiguity w...

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Bibliographic Details

Main Author:	Roberto López, José
Format:	Online
Language:	English
Editor:	El Colegio de México, A.C. 1993
Subjects:	macroeconomía mercado negro Guatemala El Salvador Costa Rica macroeconomics black market
Online Access:	https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/290
Journal:	Estudios Económicos