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Argentina's policy of devaluation with redenomination in 2002, in contrast to Mexico's policy of devaluation without debt … in the aftermath of Mexico's large devaluation, in which non-tradables producers with high dollar debt displayed …
Persistent link: https://www.econbiz.de/10012466017
We build a partial equilibrium model of firm dynamics under exchange rate uncertainty. Firms face idiosyncratic productivity shocks and observe the current level of the real exchange rate each period. Given their current level of capital stock, firms make their export decisions and choose how...
Persistent link: https://www.econbiz.de/10012468170
or younger. In contrast, surviving Indian plants exhibit little growth in terms of either employment or output. Mexico is … aggregate manufacturing productivity on the order of 25% in India and Mexico relative to the U.S …
Persistent link: https://www.econbiz.de/10012460526
"This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in three steps. First, longitudinal data on workers are used...
Persistent link: https://www.econbiz.de/10010522578
In this paper I analyze several issues related to contagion,' including its definition, recent experiences, alternative channels at work, and possible prevention mechanisms. The discussion deals with the macroeconomics implications of contagion, and concentrates on the relationship between the...
Persistent link: https://www.econbiz.de/10012470949
Persistent link: https://www.econbiz.de/10012470968
Variance decompositions of the Mexico-United States real exchange rate are examined using monthly data on consumer … tradable goods and nominal exchange rates holds only in periods in which Mexico was not under a regime of exchange …-rate management. In periods in the sample in which Mexico had a managed exchange-rate regime, the variability of prices of non …
Persistent link: https://www.econbiz.de/10012470982
We study the impact of economic crisis on health in Mexico. There have been four wide-scale economic crises in Mexico …
Persistent link: https://www.econbiz.de/10012471004
studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign … similar, and lending rates analogously respond to aggregate demand fluctuations. In Mexico, foreign and domestic banks with … with high levels of impaired assets (Mexico) have more stagnant loan growth and weak responsiveness to market signals …
Persistent link: https://www.econbiz.de/10012471047
This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock market distinguishes between banks with exposure to a crisis country and other banks. In general, banks with exposures to a crisis country are affected adversely by currency events...
Persistent link: https://www.econbiz.de/10012471245