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Shock Persistence and the Choice of Foreign Exchange Regime : An Empirical Note from Mexico

Giugale, Marcelo M. - 2016

Empirical econometric evidence shows that Mexico's simulated output recovery after a negative external shock was faster … various points on the spectrum of nominal foreign exchange flexibility.They find strong evidence that Mexico's simulated … be critical when the social costs of those adjustments are not negligible.This paper - a product of the Mexico Country …

Persistent link: https://www.econbiz.de/10012748864

Devaluation Expectations and the Stock Market : The Case of Mexico in 1994/95

Becker, Torbjorn; Gelos, Gaston; Richards, Anthony J. - 2021

Using company-level data, this paper examines the relative stock-market performance of firms with different foreign-exchange exposures around the time of the 1994/95 Mexican crisis. Contrary to what one might have expected given the alleged peso overvaluation, exporting firms outperformed the...

Persistent link: https://www.econbiz.de/10013317946

Pick Your Poison : The Exchange Rate Regime and Capital Account Volatility in Emerging Markets

Iwata, Shigeru; Tanner, Evan - 2021

for Brazil, Mexico, and Turkey reveal such responses, both contemporaneously and over time. Capital account shocks are …

Persistent link: https://www.econbiz.de/10013318011

The Impact of Exchange Rate Regimes on Real Exchange Rates in South America, 1990-2002

Baldi, Anne-Laure - 2004

nontradables to tradables in Argentina, Brazil, Chile (ABC) and Mexico from 1990 to 2002. The real exchange rate is determined in …

Persistent link: https://www.econbiz.de/10012446702

Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies

Mendoza, Enrique G. - 2005

, and the Sudden Stops that accompanied the collapse of Mexico's managed exchange rates, could result from an endogenous …

Persistent link: https://www.econbiz.de/10012466985

Exchange Rate Regimes, Capital Flows and Crisis Prevention

Edwards, Sebastian - 2001

In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy...

Persistent link: https://www.econbiz.de/10012470189

Dollarization and financial development

Bannister, Geoffrey J.; Gardberg, Malin; Turunen, Jarkko - 2018

Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, remains common in developing economies. We study the impact of financial dollarization,...

Persistent link: https://www.econbiz.de/10011932543

Exchange rate regimes and welfare losses from foreign crises : the impact of the US financial crisis on Mexico

Kemme, David M.; Koleyni, Kayhan - In: Review of international economics 25 (2017) 1, pp. 132-147

Persistent link: https://www.econbiz.de/10011751282

Inflation and Exchange Rate Regimes in Mexico

Li, Carmen A.; Philippopoulos, Apostolis; Tzavalis, Elias - 2001

We present a version of the exchange-rate regime model of inflation. We then use quarterly data from Mexico during 1946 …

Persistent link: https://www.econbiz.de/10014217257

Dollarization and Financial Integration

Arellano, Cristina; Heathcote, Jonathan - 2008

How does a country's choice of exchange rate regime impact its ability to borrow from abroad? We build a small open economy model in which the government can potentially respond to shocks via domestic monetary policy and by international borrowing. We assume that debt repayment must be incentive...

Persistent link: https://www.econbiz.de/10014051032