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Tipo de cambio, posiciones netas de los especuladores y el mercado de futuros del peso

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Figure

Tabla I. Interés abierto del peso en el CME 1995-2005. Promedios de los valores  semanales  (md=millones de dólares)
Tabla III. Resultados de la regresión de MCO errores estándar ajustados por el método de White.
Fig. 2. Respuesta del tipo de cambio a las variaciones en las posiciones netas.

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