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|c 5.00 USD
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|z 9781451982077
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Meza, Felipe.
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|a Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations /
|c Felipe Meza, Carlos Urrutia.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (40 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We account for the appreciation of the real exchange rate in Mexico between 1988 and 2002 using a two sector dynamic general equilibrium model of a small open economy with two driving forces: (i) differential productivity growth across sectors and (ii) a decline in the cost of borrowing in foreign markets. These two mechanisms account for 60 percent of the decline in the relative price of tradable goods and explain a large fraction of the reallocation of labor across sectors. We do not find a significant role for migration remittances, foreign reserves accumulation, government spending, terms of trade, or import tariffs.
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|a Mode of access: Internet
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|a Urrutia, Carlos.
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|a IMF Working Papers; Working Paper ;
|v No. 2010/063
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2010/063/001.2010.issue-063-en.xml
|z IMF e-Library
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