Interest Rates in Mexico : The Role of Exchange Rate Expectations and International Creditworthiness /

This paper explores how interest rates on domestic financial assets in Mexico are linked to expectations of exchange rate changes and to perceptions about the default risks contained in Mexico's external debt. It is shown that the interest rate differentials between peso- and U.S. dollar-denomi...

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Detalles Bibliográficos
Autor Principal: Khor, Hoe
Outros autores: Rojas-Suarez, Liliana
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1991.
Series:IMF Working Papers; Working Paper ; No. 1991/012
Acceso en liña:Full text available on IMF
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100 1 |a Khor, Hoe. 
245 1 0 |a Interest Rates in Mexico :   |b The Role of Exchange Rate Expectations and International Creditworthiness /  |c Hoe Khor, Liliana Rojas-Suarez. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1991. 
300 |a 1 online resource (38 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 paper explores how interest rates on domestic financial assets in Mexico are linked to expectations of exchange rate changes and to perceptions about the default risks contained in Mexico's external debt. It is shown that the interest rate differentials between peso- and U.S. dollar-denominated domestic assets reflected some concerns about the exchange rate policy during the period under study. In addition, the evidence suggests that the interest rate on a U.S. dollar-denominated Mexican domestic asset is linked (i.e., cointegrated) to the yield implicit in the secondary market price for external debt issued by Mexico. 
538 |a Mode of access: Internet 
700 1 |a Rojas-Suarez, Liliana. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1991/012 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1991/012/001.1991.issue-012-en.xml  |z IMF e-Library