Real exchange rate volatility and the price of nontradables in sudden-stop-prone economies

The dominant view in the empirical literature on exchange rates is that the high variability of real exchange rates is due to movements in exchange-rate-adjusted prices of tradable goods. This paper shows that this dominant view does not hold in Mexican data for the periods in which the country had...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Mendoza, Enrique G. 1963- (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Cambridge, Mass. National Bureau of Economic Research 2005
Schriftenreihe:	National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11691
Schlagworte:	Deflation (Finance) - Econometric models - Mexico Financial crises - Mexico Foreign exchange rates - Econometric models - Mexico Prices - Econometric models - Mexico Kaufkraftparität / Wechselkurssystem / Preis / Nicht-handelbares Gut / Mexiko
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