The Interest Rate-Exchange Rate Link in the Mexican Float

This paper examines empirically the interest rate-exchange rate link in the context of the Mexican experience with a floating exchange regime. The impulse response function derived from an ECM estimated by GMM reveals a lasting positive effect of a currency depreciation on the peso-dollar interest r...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autor principal: Carlos A. Ibarra
Formato: Artículo científico
Publicado: Centro de Investigación y Docencia Económicas, A.C. 2004
Materias:
Economía y Finanzas
interest rate-exchange rate link
floating exchange rate regimes
Acceso en línea:http://www.redalyc.org/articulo.oa?id=32313101
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32313101oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-32313101oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
interest rate-exchange rate link
floating exchange rate regimes
spellingShingle Economía y Finanzas
interest rate-exchange rate link
floating exchange rate regimes
Carlos A. Ibarra
The Interest Rate-Exchange Rate Link in the Mexican Float
topic_facet Economía y Finanzas
interest rate-exchange rate link
floating exchange rate regimes
description This paper examines empirically the interest rate-exchange rate link in the context of the Mexican experience with a floating exchange regime. The impulse response function derived from an ECM estimated by GMM reveals a lasting positive effect of a currency depreciation on the peso-dollar interest rate differential. Some of the macroeconomic consequences from this pattern are discussed, together with a possible explanation based on the incorporation of the central bank reaction function into private expectations.
format Artículo científico
Artículo científico
author Carlos A. Ibarra
author_facet Carlos A. Ibarra
author_sort Carlos A. Ibarra
title The Interest Rate-Exchange Rate Link in the Mexican Float
title_short The Interest Rate-Exchange Rate Link in the Mexican Float
title_full The Interest Rate-Exchange Rate Link in the Mexican Float
title_fullStr The Interest Rate-Exchange Rate Link in the Mexican Float
title_full_unstemmed The Interest Rate-Exchange Rate Link in the Mexican Float
title_sort interest rate-exchange rate link in the mexican float
publisher Centro de Investigación y Docencia Económicas, A.C.
publishDate 2004
url http://www.redalyc.org/articulo.oa?id=32313101
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32313101oai
work_keys_str_mv AT carlosaibarra theinterestrateexchangeratelinkinthemexicanfloat
AT carlosaibarra interestrateexchangeratelinkinthemexicanfloat
bdutipo_str Repositorios
_version_ 1764820421991989251

Ejemplares similares