| Description |
1 online resource (33 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/00/108 |
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IMF working paper ; WP/00/108.
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| Summary |
This study shows that in Mexico there is a long-run relationship between the real exchange rate and capital inflows, the external terms of trade, and productivity in the manufacturing sector. A once-and-for-all unit increase in the ratio of quarterly capital inflow to quarterly (annualized) GDP causes a long-run real appreciation of the peso of about 12 percent. The analysis also reveals a structural break in 1995, which coincides with the change to a floating exchange rate arrangement, and an overvaluation of the peso in real terms on the eve of the end-1994 crisis in the range of 12 to 25 percent |
| Bibliography |
Includes bibliographical references (pages 24-26) |
| Notes |
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 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Foreign exchange rates -- Mexico
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Capital movements -- Mexico
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Terms of trade -- Mexico
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Manufactures -- Mexico
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Capital movements.
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Foreign exchange rates.
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Manufactures.
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Terms of trade.
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Mexico.
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| Form |
Electronic book
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| Author |
Juan-Ramon, V. Hugo, 1951-
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IMF Institute.
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| ISBN |
1451898703 |
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9781451898705 |
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1462334792 |
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9781462334797 |
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1282107925 |
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9781282107922 |
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9786613801272 |
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6613801275 |
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9781451853094 |
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1451853092 |
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