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Introduction to the Salvadorean Economy
El Salvador Nominal Interest Rates
Institutional Framework and Developments in
16 other sections not shown
12 months adopted appreciation assets balance-of-payments Bank's black market exchange black market premium black market rate capital inflows central bank Central Reserve Bank Chapter cointegrating colones commercial banks demand for foreign Dependent Variable deposits devaluation dLog domestic interest rate domestic prices dual exchange estimates exchange controls exchange rate regime exchange rate system exchange rate unification exports F-statistic financial liberalization fixed exchange rate flexible exchange rate floating exchange rate foreign currency foreign exchange markets growth Horizon 3 months important increase inflation rate intermediate target International Monetary Fund international reserves intervention legal parallel market long-run M2 i Horizon macroeconomic market exchange rate market for foreign monetary aggregates monetary policy money stock money supply nominal official exchange rate official market official rate parallel market rate period price of nontraded real exchange rate relative prices reserve requirements result Salvador Salvadorean shocks Source Table tion U.S. dollar uniform exchange rate