Can Currency Demand Be Stable Under a Financial Crisis? : The Case of Mexico /
The paper finds strong evidence that real currency demand in Mexico remained stable throughout and after the financial crisis in Mexico. Cointegration analysis using the Johansen-Juselius technique indicates a strong cointegration relationship between real currency balances, real private consumption...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
1999.
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| Series: | IMF Working Papers; Working Paper ;
No. 1999/053 |
| Online Access: | Full text available on IMF |