Interest rates in Mexico : the role of exchange rate expectations and international creditworthiness /

Interest rates in Mexico : the role of exchange rate expectations and international creditworthiness /

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Bibliographic Details
Author / Creator:	Khor, Hoe Ee, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research and Western Hemisphere Departments, 1991.
Description:	1 online resource (iii, 25 pages) : illustrations.
Language:	English
Series:	IMF working paper ; WP/91/12 IMF working paper ; WP/91/12.
Subject:	Interest rates -- Mexico. Interest rates. Mexico.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497522

Hidden Bibliographic Details
Other authors / contributors:	Rojas-Suárez, Liliana, author. International Monetary Fund, issuing body.
ISBN:	145522006X 9781455220069 1462380360 9781462380367
Notes:	Includes bibliographical references (pages 24-25). Restrictions unspecified Electronic reproduction. [S.l.] : 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:	This paper explores how interest rates on domestic financial assets in Mexico are linked to expectations of exchange rate changes and to perceptions about the default risks contained in Mexicos external debt. It is shown that the interest rate differentials between peso- and U.S. dollar-denominated domestic assets reflected some concerns about the exchange rate policy during the period under study. In addition, the evidence suggests that the interest rate on a U.S. dollar-denominated Mexican domestic asset is linked (i.e., cointegrated) to the yield implicit in the secondary market price for external debt issued by Mexico.
Other form:	Print version: Khor, Hoe E. Interest rates in Mexico. [Washington, D.C.] : International Monetary Fund, 1991

Description
Summary:	This paper explores how interest rates on domestic financial assets in Mexico are linked to expectations of exchange rate changes and to perceptions about the default risks contained in Mexico's external debt. It is shown that the interest rate differentials between peso- and U.S. dollar-denominated domestic assets reflected some concerns about the exchange rate policy during the period under study. In addition, the evidence suggests that the interest rate on a U.S. dollar-denominated Mexican domestic asset is linked (i.e., cointegrated) to the yield implicit in the secondary market price for external debt issued by Mexico.
Physical Description:	1 online resource (iii, 25 pages) : illustrations.
Format:	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.
Bibliography:	Includes bibliographical references (pages 24-25).
ISBN:	145522006X 9781455220069 1462380360 9781462380367