<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462018000300441</article-id>
<article-id pub-id-type="doi">10.21919/remef.v13i3.329</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Efecto Potencial de un bloqueo económico a Turquía]]></article-title>
<article-title xml:lang="en"><![CDATA[Potential e&#64256;ect of an economic blockade on Turkey]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gavira-Durón]]></surname>
<given-names><![CDATA[Nora]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Agudelo-Torres]]></surname>
<given-names><![CDATA[Gabriel Alberto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Franco-Arbeláez]]></surname>
<given-names><![CDATA[Luis Ceferino]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Franco-Ceballos]]></surname>
<given-names><![CDATA[Luis Eduardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de las Américas Puebla  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>México</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Instituto Tecnológico Metropolitano  ]]></institution>
<addr-line><![CDATA[Medellín ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2018</year>
</pub-date>
<volume>13</volume>
<numero>3</numero>
<fpage>441</fpage>
<lpage>460</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462018000300441&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462018000300441&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462018000300441&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: Debido a los recientes acontecimientos de golpe de estado en Turquía y a taques de ISIS en diversos países europeos, se ha visto frenado el proceso de adhesión de Turquía a la Unión Europea, y con ello los tratados comerciales que tiene con los países miembros; así como con los no miembros y países asiáticos, con los que tiene tratados comerciales. El objetivo de esta investigación, es determinar el impacto económico en el tipo de cambio relativo del dólar estadounidense con respecto a monedas de un grupo de países relacionados económicamente con Turquía, como consecuencia de la imposición de sanciones económicas a ese país. Se utiliza un modelo de dinámica estocástica del precio del dólar sujeto a diferentes fuerzas que afectan su precio relativo con respecto a las monedas de los mercados analizados, a través de procesos de Itô económicamente ponderados combinados. Los resultados muestran que un eventual bloqueo comercial a Turquía conduciría a la inestabilidad del precio del dólar estadounidense en la mayoría de las regiones, particularmente en Rusia. Una limitación del estudio indica que no se determina la distancia óptima entre una región y sus vecinos para minimizar el efecto sobre el precio del dólar o de cualquier activo que se comercialice en un conjunto de regiones y que pueda tener un choque externo, por lo que se desarrollará en investigaciones futuras; así como determinar el sistema de compensaciones a países aliados.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: Due to the recent coup d&#8217;état events in Turkey and ISIS attacks on several European countries, the process of Turkey&#8217;s accession to the European Union-and with it the trade agreements it has with member countries-has been slowed down; as well as withnon-members and Asian countries, with which it has commercial treaties. The objective of this research is to determine the economic impact on the relative exchange rate of the US dollar with respect to currencies of a group of countries economically related to Turkey, as consequence of the imposition of economic sanctions on said country. By means of a stochastic dynamic model of the dollar price subject to di&#64256;erent forces that a&#64256;ect its relative price with respect to the currencies in the di&#64256;erent markets analyzed, through combined economically weighted Itô processes. The results show that a possible trade embargo on Turkey would lead to the instability of the US dollar price in most of the analyzed regions, particularly in Russia. One limitation is that the optimal distance between a region and its neighbors is not determined to minimize the e&#64256;ect on the dollar price or of any asset that is traded in a set of regions and that may have an external shock. This will be analyzed in future research; as well as determine the system of compensation to allied countries.]]></p></abstract>
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<kwd lng="es"><![CDATA[Procesos de Itô]]></kwd>
<kwd lng="es"><![CDATA[tipo de cambio]]></kwd>
<kwd lng="es"><![CDATA[modelado estocástico]]></kwd>
<kwd lng="es"><![CDATA[econometría espacial]]></kwd>
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<kwd lng="en"><![CDATA[stochastic modeling]]></kwd>
<kwd lng="en"><![CDATA[spatial econometrics]]></kwd>
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</article-meta>
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