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Intro -- Contents -- I. INTRODUCTION -- II. VARIANCE ANALYSIS OF THE PESO-DOLLAR REAL EXCHANGE RATE -- III. SUDDEN STOPS AND NONTRADABLES-DRIVEN REAL EXCHANGE RATE VOLATILITY -- IV. CONCLUSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691128
estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico …
Persistent link: https://www.econbiz.de/10014409055
Persistent link: https://www.econbiz.de/10012691015
Intro -- Contents -- I. INTRODUCTION -- II. DEBT SUSTAINABILITY ANALYSIS AND RISK -- III. DEBT DYNAMICS AND THE CONDUCT OF FISCAL POLICY -- IV. RISKS TO DEBT SUSTAINABILITY IN FIVE EMERGING MARKET ECONOMIES -- V. CONCLUSION -- Appendix -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691046
We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized …
Persistent link: https://www.econbiz.de/10011242251
This study contributes to the literature on capital account crises in two ways. First, our analysis of crisis episodes between 1994 and 2002 establishes a clear relationship between the persistence of crises, their complexity, and the intensity of movement of key macroeconomic variables. Second,...
Persistent link: https://www.econbiz.de/10012677778
We provide new firm-level evidence on the effects of capital account liberalization. Based on corporate foreign-currency credit ratings data and a novel capital account restrictions index, we find that capital controls can substantially limit access to, and raise the cost of, foreign currency...
Persistent link: https://www.econbiz.de/10012677885
The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to...
Persistent link: https://www.econbiz.de/10010790421
This paper offers a coherent empirical analysis of the determinants of the real exchange rate, the current account, and the net foreign assets position in low income countries. The paper focuses on indicators specific to low income countries, such as the quality of policies and institutions, the...
Persistent link: https://www.econbiz.de/10008559280
A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area countries are smaller and have not risen relative to those across 13 other...
Persistent link: https://www.econbiz.de/10008528691