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This paper explores the impact of political economy factors on exchange rate policy in Latin America. It studies the determinants of the choice of exchange rate regime in Latin America, placing special emphasis on political, institutional and interest group explanations. The presumption is that...
Persistent link: https://www.econbiz.de/10005528548
Persistent link: https://www.econbiz.de/10001587975
This paper studies Latin American exchange rate regimes since 1960. We model government exchange rate regime choice, constrained by politics. The model implies that the larger the tradable sectors exposed to international competition, the less likely is the maintenance of a fixed exchange rate...
Persistent link: https://www.econbiz.de/10001908998
This paper studies Latin American exchange rate regimes since 1960. We model government exchange rate regime choice, constrained by politics. The model implies that the larger the tradable sectors exposed to international competition, the less likely is the maintenance of a fixed exchange rate...
Persistent link: https://www.econbiz.de/10014125507
Persistent link: https://www.econbiz.de/10014235176
Persistent link: https://www.econbiz.de/10003310806
Government exchange rate regime choice is constrained by both political and economic factors. One political factor is the role of special interests: the larger the tradable sectors exposed to international competition, the less likely is the maintenance of a fixed exchange rate regime. Another...
Persistent link: https://www.econbiz.de/10014060762
This paper studies the impact of regional integration agreements (RIAs) on the location of foreign direct investment (FDI), using data on bilateral outward FDI stocks from the OECD International Direct Investment Statistics. The dataset covers FDI from 20 source countries, all of them from the...
Persistent link: https://www.econbiz.de/10005528496
(Disponible en idioma inglés únicamente) En este trabajo calculamos los efectos iniciales de la Unión Monetaria Europea (UME) en el comercio internacional. Empleamos un conjunto de datos de panel que incluye la información más actualizada sobre el comercio internacional de 22 países...
Persistent link: https://www.econbiz.de/10005528504
This paper tests whether Rodrik`s (1999) results that institutions for conflict management are associated with the ability to react to economic shocks are robust to different ways of defining the quality of such institutions. We measure the quality of conflict management institutions with two...
Persistent link: https://www.econbiz.de/10005528515