Monetary Independence in Emerging Markets : Does the Exchange Rate Regime Make a Difference? /
This paper compares the impact of shocks to U.S. interest rates and emerging market bond spreads on domestic interest rates and exchange rates across several emerging market economies with different exchange rate regimes. Consistent with conventional priors, the results indicate that interest rates...
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| Otros Autores: | , |
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2001/001 |
| Acceso en línea: | Full text available on IMF |