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Autore: | Mendoza Enrique G. <1963-> |
Titolo: | Real exchange rate volatility and the price of nontradables in sudden-stop-prone economies / / prepared by Enrique G. Mendoza |
Pubblicazione: | [Washington, D.C.], : International Monetary Fund, c2006 |
Edizione: | 1st ed. |
Descrizione fisica: | 1 online resource (34 p.) |
Soggetto topico: | Foreign exchange rates - Mexico - Econometric models |
Prices - Mexico | |
Foreign exchange rates - Developing countries - Econometric models | |
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.: | 9910814668903321 |
Lo trovi qui: | Univ. Federico II |
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