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This paper examines the relations between fluctuations in real exchange rates among the major currencies and fluctuations in real commodity prices. Increased exchange rate volatility calls for a better understanding of these relations. To the best of our knowledge, no systematic study of those...
Persistent link: https://www.econbiz.de/10014398636
This paper investigates the consequences of pricing to market for exchange rate pass-through and real exchange rate dynamics across different patterns of trade under market segmentation. Under two-way, intraindustry trade--where home prices display greater linkage with those of foreign...
Persistent link: https://www.econbiz.de/10014398714
This paper reviews the recent real exchange rate appreciation observed in the three Baltic countries. Until now, this phenomenon may be viewed primarily as a consequence of the undervalued real exchange rates of the new currencies. Looking ahead, a tendency for continued real appreciation is to...
Persistent link: https://www.econbiz.de/10014396073
The United States - Mexico - Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize … steel and aluminum imports from Canada and Mexico and the elimination of the Canadian and Mexican import surtaxes imposed …
Persistent link: https://www.econbiz.de/10012009997
This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The … effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners … facts and recent empirical research. The paper concludes by drawing lessons from Mexico''s NAFTA experience for policymakers …
Persistent link: https://www.econbiz.de/10014404062
We account for the appreciation of the real exchange rate in Mexico between 1988 and 2002 using a two sector dynamic …
Persistent link: https://www.econbiz.de/10014402822
also proposes a model in which this fact, and the sudden stops that accompanied the collapse of Mexico''s managed exchange …
Persistent link: https://www.econbiz.de/10014401977
This study shows that in Mexico there is a long-run relationship between the real exchange rate and capital inflows …
Persistent link: https://www.econbiz.de/10014399257
, money base velocity, and the temporary component of the real exchange rate (TCRER) is estimated for Korea, Mexico, the …
Persistent link: https://www.econbiz.de/10014398353
This paper attempts to provide a perspective on real exchange rate developments following the inception of the EMS. The focus is on structural determinants of real exchange rates, notably the behavior of tradables and nontradable prices and productivity. It is found that changes in the relative...
Persistent link: https://www.econbiz.de/10014396038