The Interest Rate-Exchange Rate Link in the Mexican Float
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| Formato: | Artículo científico |
| Lenguaje: | en |
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Centro de Investigación y Docencia Económicas, A.C.
2004
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| _version_ | 1876423668152664064 |
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| author | Carlos A. Ibarra |
| author_facet | Carlos A. Ibarra |
| contents | The Interest Rate-Exchange Rate Link in the Mexican Float Carlos A. Ibarra Economía y Finanzas interest rate exchange rate link floating exchange rate regimes This paper examines empirically the interest rate-exchange ratelink in the context of the Mexican experience with a floating exchangeregime. The impulse response function derived from an ECM estimatedby GMM reveals a lasting positive effect of a currency depreciation onthe peso-dollar interest rate differential. Some of the macroeconomicconsequences from this pattern are discussed, together with a possibleexplanation based on the incorporation of the central bank reactionfunction into private expectations. 2004 artículo científico 1665-2045 https://www.redalyc.org/articulo.oa?id=32313101 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Num.1 Vol.XIII |
| format | Artículo científico |
| id | redalyc_32313101 |
| institution | Redalyc |
| language | en |
| publishDate | 2004 |
| publisher | Centro de Investigación y Docencia Económicas, A.C. |
| spellingShingle | The Interest Rate-Exchange Rate Link in the Mexican Float Carlos A. Ibarra Economía y Finanzas interest rate exchange rate link floating exchange rate regimes The Interest Rate-Exchange Rate Link in the Mexican Float Carlos A. Ibarra Economía y Finanzas interest rate exchange rate link floating exchange rate regimes This paper examines empirically the interest rate-exchange ratelink in the context of the Mexican experience with a floating exchangeregime. The impulse response function derived from an ECM estimatedby GMM reveals a lasting positive effect of a currency depreciation onthe peso-dollar interest rate differential. Some of the macroeconomicconsequences from this pattern are discussed, together with a possibleexplanation based on the incorporation of the central bank reactionfunction into private expectations. 2004 artículo científico 1665-2045 https://www.redalyc.org/articulo.oa?id=32313101 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Num.1 Vol.XIII |
| title | The Interest Rate-Exchange Rate Link in the Mexican Float |
| topic | Economía y Finanzas interest rate exchange rate link floating exchange rate regimes |
| url | https://www.redalyc.org/articulo.oa?id=32313101 |