Exchange Rates and Trade Balance Adjustment in Emerging Market Economies.
The paper finds that simple econometric specifications yield surprising rich and complex dynamics -- relative prices respond to the nominal exchange rate and pass-through effects, import and export volumes respond to relative price changes, and the trade balance responds to changes in import and exp...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2006.
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| Series: | Policy Papers; Policy Paper ;
No. 2006/059 |
| Online Access: | Full text available on IMF |