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|z 9781451849264
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|a Zettelmeyer, Jeromin.
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|a The Impact of Monetary Policyon the Bilateral Exchange Rate :
|b Chile Versus the United States /
|c Jeromin Zettelmeyer.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2003.
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|a 1 online resource (23 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 This paper examines the reaction of the bilateral Ch USD/USD exchange rate to monetary policy actions in Chile and the United States. The approach is to regress the change in the exchange rate following a policy announcement on changes in market interest rates in response to the same announcement. U.S. monetary policy actions that raise the three-month treasury bill rate by 1 percentage point lead to depreciations of the Chilean peso by about 1.5 to 2 percent. The exchange rate also reacts to monetary policy actions in Chile, but the response appears to be smaller, and cannot be estimated with much precision on the available sample.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2003/071
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2003/071/001.2003.issue-071-en.xml
|z IMF e-Library
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