Aizenman, Joshua; Edwards, Sebastian; Riera-Crichton, Daniel - Economics Department, University of California-Santa … - 2012
We analyze the way in which Latin American countries have adjusted to commodityterms of trade (CTOT) shocks in the 1970-2007 period. Specifically, we investigate the degreeto which the active management of international reserves and exchange rates impacted thetransmission of international price...