Showing 1 - 10 of 16,882
The paper is aimed at quantifying empirically the monetary transmission mechanism for Argentine, and at analyzing the responses of output, inflation, and money market mutual funds (MMMF) to a positive monetary shock. The idea of incorporating MMMF into the system is to understand how economic...
Persistent link: https://www.econbiz.de/10013147766
Argentina between 2007 and 2019. Using non-linear autoregressive distributed lag (NARDL) models, we report different effects of …
Persistent link: https://www.econbiz.de/10014636555
Capital accumulation in Argentina was slow in the 1990s, despite high total factor productivity (TFP) growth and low … grounds that previous historical developments had led them to perceive Argentina as a country prone to external debt … environment can magnify the asymmetry. A quantitative implementation of the model economy to data from Argentina accounts, in line …
Persistent link: https://www.econbiz.de/10012030046
The paper sheds light on the apparent success of dollarization in Ecuador. The experience of Argentina with … sustainability of the currency remains the source of external funds. Whereas in Argentina the IMF and international capital flows …
Persistent link: https://www.econbiz.de/10003766392
We analyze the international transmission of financial stress and its effects on economic activity. We construct country specific monthly financial stress indexes (FSI) using dynamic factor models from 1970 until 2012 for 20 countries. We show that there is a strong co-movement of the FSI during...
Persistent link: https://www.econbiz.de/10009761846
approach to analyse financial dollarization's hysteresis in Argentina. Based on the historical experience of our country, we …
Persistent link: https://www.econbiz.de/10013502421
In this paper, we empirically examine the effect of inflation targeting on the exchange rate pass-through to prices in emerging countries. We use a panel VAR that allows us to use a large dataset on twenty-seven emerging countries (fifteen inflation targeters and twelve inflation nontargeters)....
Persistent link: https://www.econbiz.de/10013136234
This is one of the contributions which is part of BIS Paper 68 and which was presented at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010-11, focusing on the drivers and effects of capital flows and the challenges they pose for the...
Persistent link: https://www.econbiz.de/10013088043
The special challenges faced by central banks in emerging market economies in conducting monetary policy are examined. In addition to sharing the same problems confronted by their counterparts in advanced economies – including most profoundly time inconsistency and model uncertainty – they...
Persistent link: https://www.econbiz.de/10013050578
This paper discusses some of the domestic implications of the recent large-scale use of foreign exchange intervention by emerging market economies to resist currency appreciation. Over the past five years, many countries have adopted an accommodating monetary policy while intervening. Despite...
Persistent link: https://www.econbiz.de/10013094590