Resumen

HERNANDEZ TRILLO, Fausto  y  LUEVANO, Kevin. The 2014-2018 Depreciation: Trump or Twins Deficits?. Inv. Econ [online]. 2019, vol.78, n.310, pp.40-66.  Epub 10-Mar-2020. ISSN 0185-1667.  https://doi.org/10.22201/fe.01851667p.2019.310.71546.

This paper uses a GARCH-M model to study the exchange rate behavior during the period 2012-218. In the presence of twin deficits, and a lower level of sources of financing these, the exchange rate was the adjustment variable. The hostility of the President of the US towards Mexico increased volatility, though it did not have any effect on the exchange rate medium level.

Palabras llave : Mexico; exchange rate; Trump; volatility; twin deficits.

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