Pricing to Market and the Real Exchange Rate /

This paper investigates the consequences of pricing to market for exchange rate pass-through and real exchange rate dynamics across different patterns of trade under market segmentation. Under two-way, intraindustry trade--where home prices display greater linkage with those of foreign competitors--...

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Автор: Faruqee, Hamid
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1995.
Серія:IMF Working Papers; Working Paper ; No. 1995/012
Онлайн доступ:Full text available on IMF
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245 1 0 |a Pricing to Market and the Real Exchange Rate /  |c Hamid Faruqee. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1995. 
300 |a 1 online resource (34 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 investigates the consequences of pricing to market for exchange rate pass-through and real exchange rate dynamics across different patterns of trade under market segmentation. Under two-way, intraindustry trade--where home prices display greater linkage with those of foreign competitors--domestic and export prices exhibit lower pass-through and greater destination-specific adjustment compared to intersectoral trade. With both trade patterns, pricing-to-market behavior intensifies the degree of persistence in the real exchange rate under nominal rigidities, and allows monetary shocks to have permanent effects on relative prices when goods markets remain segmented. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1995/012 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1995/012/001.1995.issue-012-en.xml  |z IMF e-Library