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Autore: | Mendoza Enrique |
Titolo: | Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies / / Enrique Mendoza |
Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
Descrizione fisica: | 1 online resource (34 p.) |
Soggetto topico: | Foreign exchange rates - Mexico - Econometric models |
Prices - Mexico | |
Foreign exchange rates - Developing countries - Econometric models | |
Foreign Exchange | |
Macroeconomics | |
Money and Monetary Policy | |
Macroeconomics: Consumption | |
Saving | |
Wealth | |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General | |
Currency | |
Foreign exchange | |
Monetary economics | |
Real exchange rates | |
Consumption | |
Managed exchange rates | |
Exchange rate arrangements | |
Credit | |
Economics | |
Soggetto geografico: | Mexico |
Note generali: | "March 2006". |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | ""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"" |
Sommario/riassunto: | This 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. |
Titolo autorizzato: | Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies |
ISBN: | 1-4623-8714-4 |
1-4527-5216-8 | |
1-282-44833-1 | |
1-4519-0883-0 | |
9786613821522 | |
Formato: | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910788525103321 |
Lo trovi qui: | Univ. Federico II |
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