Financial Liberalization Structural Change And Real Exchange Rate Appreciations
Download Financial Liberalization Structural Change And Real Exchange Rate Appreciations full books in PDF, epub, and Kindle. Read online free Financial Liberalization Structural Change And Real Exchange Rate Appreciations ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations
Author | : Carlos Urrutia |
Publisher | : International Monetary Fund |
Total Pages | : 42 |
Release | : 2010-03-01 |
Genre | : Business & Economics |
ISBN | : 1451982070 |
Download Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations Book in PDF, Epub and Kindle
We account for the appreciation of the real exchange rate in Mexico between 1988 and 2002 using a two sector dynamic general equilibrium model of a small open economy with two driving forces: (i) differential productivity growth across sectors and (ii) a decline in the cost of borrowing in foreign markets. These two mechanisms account for 60 percent of the decline in the relative price of tradable goods and explain a large fraction of the reallocation of labor across sectors. We do not find a significant role for migration remittances, foreign reserves accumulation, government spending, terms of trade, or import tariffs.
Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations Related Books
Pages: 42
Pages: 23
Pages: 34
Pages: 39
Pages: 40