Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations /

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 m...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Meza, Felipe
Awduron Eraill: Urrutia, Carlos
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2010.
Cyfres:IMF Working Papers; Working Paper ; No. 2010/063
Mynediad Ar-lein:Full text available on IMF
LEADER 01731cas a2200253 a 4500
001 AALejournalIMF006317
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451982077 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Meza, Felipe. 
245 1 0 |a Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations /  |c Felipe Meza, Carlos Urrutia. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2010. 
300 |a 1 online resource (40 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 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. 
538 |a Mode of access: Internet 
700 1 |a Urrutia, Carlos. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2010/063 
856 4 0 |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