Capital Inflows And The Real Exchange Rate
Download Capital Inflows And The Real Exchange Rate full books in PDF, epub, and Kindle. Read online free Capital Inflows And The Real Exchange Rate ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Capital Inflows and the Real Exchange Rate
Author | : Mr.Alexander W. Hoffmaister |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 1996-12-01 |
Genre | : Business & Economics |
ISBN | : 1451855877 |
Download Capital Inflows and the Real Exchange Rate Book in PDF, Epub and Kindle
This paper examines the links between capital inflows and the real exchange rate under pegged exchange rates. The analytical framework is described, and a near-VAR model linking capital inflows, interest rate differentials, government spending, money base velocity, and the temporary component of the real exchange rate (TCRER) is estimated for Korea, Mexico, the Philippines, and Thailand. TCRER movements are associated only weakly with shocks to capital flows. Negative shocks to U.S. interest rates lead to capital inflows in Asia and a TCRER appreciation in the Philippines and Thailand. Positive shocks to government spending have a small but statistically significant effect on the TCRER for Korea.
Capital Inflows and the Real Exchange Rate Related Books
Pages: 50
Pages: 35
Pages: 31
Pages: 70
Pages: 274