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100   $a20020129d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aReal Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies /$fEnrique Mendoza
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (34 p.)
225 1 $aIMF Working Papers
300   $a"March 2006".
311   $a1-4518-6348-9 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. VARIANCE ANALYSIS OF THE PESO-DOLLAR REAL EXCHANGE RATE""; ""III. SUDDEN STOPS AND NONTRADABLES-DRIVEN REAL EXCHANGE RATE VOLATILITY""; ""IV. CONCLUSIONS""; ""REFERENCES""
330 3 $aThis paper shows that the dominant view that the high variability of real exchange rates is due to movements in exchange rate-adjusted prices of tradable goods does not hold for Mexican data for periods with a managed exchange rate. The relative price of nontradables accounts for up to 70 percent of real exchange rate variability during these periods. The paper also proposes a model in which this fact, and the sudden stops that accompanied the collapse of Mexico's managed exchange rates, could result from a Fisherian debt-deflation mechanism operating via nontradables prices in economies with dollarized liabilities.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/088
606   $aForeign exchange rates$zMexico$xEconometric models
606   $aPrices$zMexico
606   $aForeign exchange rates$zDeveloping countries$xEconometric models
606   $aForeign Exchange$2imf
606   $aMacroeconomics$2imf
606   $aMoney and Monetary Policy$2imf
606   $aMacroeconomics: Consumption$2imf
606   $aSaving$2imf
606   $aWealth$2imf
606   $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aMonetary economics$2imf
606   $aReal exchange rates$2imf
606   $aConsumption$2imf
606   $aManaged exchange rates$2imf
606   $aExchange rate arrangements$2imf
606   $aCredit$2imf
606   $aEconomics$2imf
607   $aMexico$2imf
615  0$aForeign exchange rates$xEconometric models.
615  0$aPrices
615  0$aForeign exchange rates$xEconometric models.
615  7$aForeign Exchange
615  7$aMacroeconomics
615  7$aMoney and Monetary Policy
615  7$aMacroeconomics: Consumption
615  7$aSaving
615  7$aWealth
615  7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General
615  7$aCurrency
615  7$aForeign exchange
615  7$aMonetary economics
615  7$aReal exchange rates
615  7$aConsumption
615  7$aManaged exchange rates
615  7$aExchange rate arrangements
615  7$aCredit
615  7$aEconomics
700   $aMendoza$b Enrique$0119545
801  0$bDcWaIMF
906   $aBOOK
912   $a9910814668903321
996   $aReal Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies$94071958
997   $aUNINA