Pick Your Poison : The Exchange Rate Regime and Capital Account Volatility in Emerging Markets /

We characterize a country's exchange rate regime by how its central bank channels a capital account shock across three variables: exchange depreciation, interest rates, and international reserve flows. Structural vector autoregression estimates for Brazil, Mexico, and Turkey reveal such respons...

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Tác giả chính: Iwata, Shigeru
Tác giả khác: Tanner, Evan
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2003.
Loạt:IMF Working Papers; Working Paper ; No. 2003/092
Truy cập trực tuyến:Full text available on IMF
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245 1 0 |a Pick Your Poison :   |b The Exchange Rate Regime and Capital Account Volatility in Emerging Markets /  |c Shigeru Iwata, Evan Tanner. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2003. 
300 |a 1 online resource (28 pages) 
490 1 |a IMF Working Papers 
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520 3 |a We characterize a country's exchange rate regime by how its central bank channels a capital account shock across three variables: exchange depreciation, interest rates, and international reserve flows. Structural vector autoregression estimates for Brazil, Mexico, and Turkey reveal such responses, both contemporaneously and over time. Capital account shocks are further shown to affect output growth and inflation. The nature and magnitude of these effects may depend on the exchange rate regime. 
538 |a Mode of access: Internet 
700 1 |a Tanner, Evan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/092 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/092/001.2003.issue-092-en.xml  |z IMF e-Library