Pick Your Poison : The Exchange Rate Regime and Capital Account Volatility in Emerging Markets /

We characterize a country's exchange rate regime by how its central bank channels a capital account shock across three variables: exchange depreciation, interest rates, and international reserve flows. Structural vector autoregression estimates for Brazil, Mexico, and Turkey reveal such respons...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Iwata, Shigeru
Kolejni autorzy: Tanner, Evan
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2003.
Seria:IMF Working Papers; Working Paper ; No. 2003/092
Dostęp online:Full text available on IMF
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100 1 |a Iwata, Shigeru. 
245 1 0 |a Pick Your Poison :   |b The Exchange Rate Regime and Capital Account Volatility in Emerging Markets /  |c Shigeru Iwata, Evan Tanner. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2003. 
300 |a 1 online resource (28 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 We characterize a country's exchange rate regime by how its central bank channels a capital account shock across three variables: exchange depreciation, interest rates, and international reserve flows. Structural vector autoregression estimates for Brazil, Mexico, and Turkey reveal such responses, both contemporaneously and over time. Capital account shocks are further shown to affect output growth and inflation. The nature and magnitude of these effects may depend on the exchange rate regime. 
538 |a Mode of access: Internet 
700 1 |a Tanner, Evan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/092 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/092/001.2003.issue-092-en.xml  |z IMF e-Library