Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies
| Author/creator | Mendoza, Enrique G. Author |
| Format | Electronic |
| Publication Info | Washington : International Monetary Fund |
| Description | 64 p. |
| Supplemental Content | Full text available from Ebook Central - Academic Complete |
| Supplemental Content | Full text available from NBER Working Papers |
| Summary | Annotation 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. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| ISBN | 9781451908831 |
| ISBN | 1451908830 (E-Book) Active Record |
| Stock number | 00013468 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | ✔ Available |