Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2019/2020The main aim of this paper is the analysis of the different exchange rate regimes that
have been adopted by Venezuela since the second half of the 20th century, to observe
under what type of exchange rate regime has any balance of payments crisis been
produced and which have been the causes that motivated the appearance of such
crisis. In order to fulfil such aims, first there is a description of what a currency crisis is
and an exposition of the different types of models that explain the appearance of a
currency crisis.
Then there has been elaborated a revision of the different exchange rate models that
Venezuela has adopted throughout the studied period, there is also an attempt to
explaining the evolution of the economy on each exchange rate regimen by means of
the study of some macroeconomic variables (inflation, GDP, current account and fiscal
gap) as well as the influence of these macroeconomic variables on the modification of
the exchange rate regime
