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Convertibility risk, default risk, and the Mexdollar anomaly

Rogers, John H. - Federal Reserve Board (Board of Governors of the … - 1995

suggests an additional factor influencing money demand in Mexico. The second result is evidence against my convertibility risk …

Persistent link: https://www.econbiz.de/10005368349

Exchange-rate based inflation stabilization: the initial real effects of credible plans

Uribe, Martin - Federal Reserve Board (Board of Governors of the … - 1995

This paper presents a dynamic general equilibrium model of a small, open, monetary economy in order to analyze the short-run effects of credible stabilization plans that fix the nominal exchange rate in a regime of free convertibility. In this model inflation acts as a tax on domestic market...

Persistent link: https://www.econbiz.de/10005372571

Sterilization, world inflation, and American monetary policy

McKinnon, Ronald I. - In: Proceedings (1980) 4, pp. 237-278

Persistent link: https://www.econbiz.de/10005078204

Is pegging the exchange rate a cure for inflation? East Asian experiences

Glick, Reuven; Hutchison, Michael - Center for Pacific Basin Monetary and Economic Studies, … - 1995

A common argument for pegging the exchange rate is that it enforces discipline on domestic monetary policy, thus stabilizing inflation expectations. This paper argues that this reasoning does not necessarily apply to East Asia, as the nominal exchange rate pegging policies of these economies are...

Persistent link: https://www.econbiz.de/10005078386

Real exchange rate targeting and inflation in Indonesia: theory and empirical evidence

Siregar, Reza Yamora - Center for Pacific Basin Monetary and Economic Studies, … - 1996

Early studies have shown that an exchange rate policy which attempts to stimulate exports through aggressive devaluations is often found to be inflationary. This study tests the validity of this hypothesis for the specific case of Indonesia. To analyze the possible inflationary consequence of...

Persistent link: https://www.econbiz.de/10005410545

Delayed financial disclosure: Mexico's recent experience

Braun, R. Anton; Mukherji, Arijit; Runkle, David E. - In: Quarterly Review (1996) Fall, pp. 13-21

This article documents a delay in the public release of Mexican international reserve data in the months before Mexico …

Persistent link: https://www.econbiz.de/10005360852

The Mexican peso crisis

Joseph A. Whitt, Jr. - In: Economic Review (1996) Jan, pp. 1-20

Hoping to avoid an economic slowdown during 1994, Mexico tried to maintain its quasi-pegged exchange rate while … devaluation of the peso inevitable, considering particularly Mexico's policy actions during 1994-as well as options Mexico did not … will enable Mexico to recover much more quickly from this crisis than it did after its 1982 crash. …

Persistent link: https://www.econbiz.de/10005361084

The Mexican economic crisis: alternative views

Espinosa, Marco; Russell, Steven - In: Economic Review (1996) Jan, pp. 21-44

The authors of this article suggest that many of the explanations for the 1994 crisis are based on questionable assumptions and dubious analysis. They contend that, when trying to explain the crisis, most authors have concentrated on the wrong economic "fundamentals." They challenge the...

Persistent link: https://www.econbiz.de/10005361100

A predictable and avoidable Mexican meltdown

In: Economics Update (1996) Jul, pp. 1-3

Persistent link: https://www.econbiz.de/10005713350

The Mexican peso crisis: implications for international finance

Truman, Edwin M. - In: Federal Reserve Bulletin (1996) Mar, pp. 199-209

Persistent link: https://www.econbiz.de/10005713617

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