Pick your poison : the exchange rate regime and capital account volatility in emerging markets /

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Bibliographic Details
Author / Creator:	Iwata, Shigeru, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2003.
Description:	1 online resource (27 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/03/92 IMF working paper ; WP/03/92.
Subject:	Foreign exchange -- Developing countries -- Econometric models. Capital market -- Developing countries -- Econometric models. Banks and banking, Central -- Developing countries -- Econometric models. Monetary policy -- Developing countries -- Econometric models. Banks and banking, Central -- Econometric models. Capital market -- Econometric models. Foreign exchange -- Econometric models. Monetary policy -- Econometric models. Developing countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496807

Hidden Bibliographic Details
Other authors / contributors:	Tanner, Evan, author. IMF Institute. International Monetary Fund.
ISBN:	1451897448 9781451897449 1281600334 9781281600332 1462389309 9781462389308 9786613781024 6613781029
Notes:	Includes bibliographical references (pages 25-27). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. 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. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	We characterize a country's exchange rate regime by how its central bank channels a capital account shock across three variables: exchange depreciation, interest rates, and international reserve flows. Structural vector autoregression estimates for Brazil, Mexico, and Turkey reveal such responses, both contemporaneously and over time. Capital account shocks are further shown to affect output growth and inflation. The nature and magnitude of these effects may depend on the exchange rate regime.
Other form:	Print version: Iwata, Shigeru. Pick your poison. [Washington, D.C.] : International Monetary Fund, ©2003
Standard no.:	10.5089/9781451897449.001

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