This dissertation explores some of the macroeconomic effects of exchange rate regimes and the role of real exchange rate on capital accumulation and growth. The first essay analyzes the factors that promotes episodes of ...

The paper analyzes exchange rate regimes implemented by the major Latin American countries since the Second World War, with special attention on the period of the second globalization process beginning in the 1970s. The ...

This paper conducts an in-depth empirical investigation on the impact of the exchange rate regime (ERR) on real currency misalignments in a panel of 17 Latin American countries over the 1970-2016 period. We consider ...

In recent years, the term "fear of floating" has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals ...

Nonlinear mechanisms are frequently invoked to explain unexpected observations during processes of energy exchange in mechanical systems. However, whether the same phenomena could be observed in a purely linear system is ...