Munich Personal RePEc Archive

Presion y ataques especulativos en el mercado cambiario de la Republica Dominicana

Cruz Rodriguez, Alexis (2008): Presion y ataques especulativos en el mercado cambiario de la Republica Dominicana.

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Abstract

This paper examines the determinants of speculative attacks that occurred recently in the Dominican Republic, and proposes a series of indicators to serve as an early warning system for identifying vulnerable periods. The estimates were made using monthly data covering the period between January 1996 and June 2008. The results show that the proposed indicators have the ability to reasonably explain and predict the existence of a speculative attack.

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