Showing 1 - 10 of 249
This paper analyzes the pass-through of exchange rate to different price indexes in Mexico. The analysis is based on a vector autoregressive model (VAR) using monthly data from January 1997 to December 2010. The pass-through effects are calculated by means of accumulated impulse response...
Persistent link: https://www.econbiz.de/10010322617
This paper analyzes the pass-through of exchange rate to different price indexes in Mexico. The analysis is based on a vector autoregressive model (VAR) using monthly data from January 1997 to December 2010. The pass-through effects are calculated by means of accumulated impulse response...
Persistent link: https://www.econbiz.de/10009380263
This paper analyzes the pass-through of exchange rate to different price indexes in Mexico. The analysis is based on a vector autoregressive model (VAR) using monthly data from January 1997 to December 2010. The pass-through effects are calculated by means of accumulated impulse response...
Persistent link: https://www.econbiz.de/10009366002
This paper estimates the magnitude of the exchange rate pass-through to consumer prices in Mexico. Moreover, it analyzes if the pass-through dynamics have changed in recent years. In particular, it uses a methodology that generates results consistent with the hierarchy implicit in the CPI. The...
Persistent link: https://www.econbiz.de/10010322595
The characteristics of recent capital inflows to Latin America are discussed. It is argued that these inflows are partially explained by economic conditions outside the region, like the recession in the United States and lower international interest rates. The importance of external factors...
Persistent link: https://www.econbiz.de/10015215827
This paper tries to explain, using a model that includes asset market risk country, the behavior of nominal exchange rate, as well as determine the impact of this risk in determining the exchange rate, also seeks to establish whether the exchange rate is below the level predicted by their bases...
Persistent link: https://www.econbiz.de/10015264808
In recent years, Bolivia has accumulated a significant level of international reserves due to favorable external environment and the exchange rate regimen (crawling peg). In this context arises the question of: Which one is the optimal level of international reserves? According to the...
Persistent link: https://www.econbiz.de/10010294091
This article has two main objectives. First, estimate the real equilibrium exchange rate (REER) of the Dominican Republic, and second, to determine the misalignment, if any, between the observed real exchange rate (RER) and its equilibrium level. To carry out the analysis six different...
Persistent link: https://www.econbiz.de/10015251730
The aim of this article is to examine the effect of the real exchange rate misalignment on the economic growth in the Dominican Republic. The paper constructs six measures of exchange rate misalignment. The empirical results indicate that the coefficients for the different measures of RER...
Persistent link: https://www.econbiz.de/10015251744
Purchase and sale-oriented exchange rate intervention effectiveness carried on by the Central Bank of Guatemala is analyzed through an ACT-GARCH model. By using daily information for the period 1996-2008 it is found that purchase-oriented intervention tends to reduce exchange rate long run...
Persistent link: https://www.econbiz.de/10015256036