Real Exchange Rate Response to Capital Flows in Mexico : An Empirical Analysis /

This study shows that in Mexico there is a long-run relationship between the real exchange rate and capital inflows, the external terms of trade, and productivity in the manufacturing sector. A once-and-for-all unit increase in the ratio of quarterly capital inflow to quarterly (annualized) GDP caus...

詳細記述

書誌詳細
第一著者: Dabos, Marcelo
その他の著者: Juan-Ramon, V.
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2000.
シリーズ:IMF Working Papers; Working Paper ; No. 2000/108
オンライン・アクセス:Full text available on IMF
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100 1 |a Dabos, Marcelo. 
245 1 0 |a Real Exchange Rate Response to Capital Flows in Mexico :   |b An Empirical Analysis /  |c Marcelo Dabos, V. Juan-Ramon. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2000. 
300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This study shows that in Mexico there is a long-run relationship between the real exchange rate and capital inflows, the external terms of trade, and productivity in the manufacturing sector. A once-and-for-all unit increase in the ratio of quarterly capital inflow to quarterly (annualized) GDP causes a long-run real appreciation of the peso of about 12 percent. The analysis also reveals a structural break in 1995, which coincides with the change to a floating exchange rate arrangement, and an overvaluation of the peso in real terms on the eve of the end-1994 crisis in the range of 12 to 25 percent. 
538 |a Mode of access: Internet 
700 1 |a Juan-Ramon, V. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/108 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/108/001.2000.issue-108-en.xml  |z IMF e-Library