01614cas a2200253 a 4500 AALejournalIMF002395 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851618 1018-5941 BD-DhAAL BD-DhAAL Iwata, Shigeru. Pick Your Poison : The Exchange Rate Regime and Capital Account Volatility in Emerging Markets / Shigeru Iwata, Evan Tanner. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Tanner, Evan. IMF Working Papers; Working Paper ; No. 2003/092 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/092/001.2003.issue-092-en.xml IMF e-Library