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

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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Bibliografiske detaljer
Hovedforfatter:	Iwata, Shigeru
Andre forfattere:	Tanner, Evan
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2003.
Serier:	IMF Working Papers; Working Paper ; No. 2003/092
Online adgang:	Full text available on IMF

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