Real exchange rate volatility and the price of nontradables in sudden-stop-prone economies / prepared by Enrique G. Mendoza.

This paper shows that the dominant view that the high variability of real exchange rates is due to movements in exchange rate-adjusted prices of tradable goods does not hold for Mexican data for periods with a managed exchange rate. The relative price of nontradables accounts for up to 70 percent of...

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Bibliographic Details
Main Author: Mendoza, Enrique G., 1963- (Author)
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2006.
Series:IMF working paper ; WP/06/88.
Subjects:
Online Access:Click for online access

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100 1 |a Mendoza, Enrique G.,  |d 1963-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PBJyMkRP3hhkmdKMWdcrH4q 
245 1 0 |a Real exchange rate volatility and the price of nontradables in sudden-stop-prone economies /  |c prepared by Enrique G. Mendoza. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2006. 
300 |a 1 online resource (32 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
340 |g polychrome.  |2 rdacc  |0 http://rdaregistry.info/termList/RDAColourContent/1003 
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490 1 |a IMF working paper,  |x 2227-8885 ;  |v WP/06/88 
504 |a Includes bibliographical references. 
520 |a This paper shows that the dominant view that the high variability of real exchange rates is due to movements in exchange rate-adjusted prices of tradable goods does not hold for Mexican data for periods with a managed exchange rate. The relative price of nontradables accounts for up to 70 percent of real exchange rate variability during these periods. The paper also proposes a model in which this fact, and the sudden stops that accompanied the collapse of Mexico's managed exchange rates, could result from a Fisherian debt-deflation mechanism operating via nontradables prices in economies with dollarized liabilities. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2010  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
588 0 |a Print version record. 
505 0 |a Contents -- I. INTRODUCTION -- II. VARIANCE ANALYSIS OF THE PESO-DOLLAR REAL EXCHANGE RATE -- III. SUDDEN STOPS AND NONTRADABLES-DRIVEN REAL EXCHANGE RATE VOLATILITY -- IV. CONCLUSIONS -- REFERENCES 
546 |a English. 
650 0 |a Foreign exchange rates  |z Mexico  |x Econometric models. 
650 0 |a Prices  |z Mexico. 
650 0 |a Foreign exchange rates  |z Developing countries  |x Econometric models. 
650 0 |a Prices  |z Mexico  |x Econometric models. 
650 0 |a Deflation (Finance)  |z Mexico  |x Econometric models. 
650 0 |a Financial crises  |z Mexico. 
650 7 |a Prices  |x Econometric models  |2 fast 
650 7 |a Financial crises  |2 fast 
650 7 |a Deflation (Finance)  |x Econometric models  |2 fast 
650 7 |a Foreign exchange rates  |x Econometric models  |2 fast 
650 7 |a Prices  |2 fast 
651 7 |a Developing countries  |2 fast 
651 7 |a Mexico  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39QbtfRkxCrqQ3XXbCkdP63kc 
758 |i has work:  |a Real exchange rate volatility and the price of non-tradables in sudden-stop-prone economies (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCH8GbqqKC4tbrKYDvFVJwC  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Mendoza, Enrique G., 1963-  |t Real exchange rate volatility and the price of nontradables in sudden-stop-prone economies.  |d [Washington, D.C.] : International Monetary Fund, Research Dept., 2006  |w (OCoLC)70112440 
830 0 |a IMF working paper ;  |v WP/06/88. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=3014386  |y Click for online access 
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