Hidden Bibliographic Details
| ISBN: | 1282448331
9781282448339
9781451908831
1451908830
1462387144
9781462387144
1452752168
9781452752167
9786613821522
6613821527
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| Digital file characteristics: | text file
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| Notes: | Includes bibliographical references.
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.
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| Summary: | This paper shows that the dominant view that the high variability of real exchange rates is due to movements in exchange rate-adjusted prices of tradable goods does not hold for Mexican data for periods with a managed exchange rate. The relative price of nontradables accounts for up to 70 percent of real exchange rate variability during these periods. The paper also proposes a model in which this fact, and the sudden stops that accompanied the collapse of Mexico's managed exchange rates, could result from a Fisherian debt-deflation mechanism operating via nontradables prices in economies with dollarized liabilities.
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| Other form: | Print version: Mendoza, Enrique G., 1963- Real exchange rate volatility and the price of nontradables in sudden-stop-prone economies. [Washington, D.C.] : International Monetary Fund, Research Dept., 2006
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| Standard no.: | 10.5089/9781451908831.001
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