Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies /

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...

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Xehetasun bibliografikoak
Egile nagusia: Mendoza, Enrique
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2006.
Saila:IMF Working Papers; Working Paper ; No. 2006/088
Sarrera elektronikoa:Full text available on IMF