Exchange Rate and Reserve Regimes: Theory and the Latin American Experience |
Contents
Chapter Title Page | 1 |
Description Page | 4 |
The Choice of ExchangeRateReserve Regime | 7 |
14 other sections not shown
Common terms and phrases
a(dlog AGB/Y aggregate supply asset assumptions average b₁ b₂ Bolivia Brazil changes in government chapter Chart Chile coefficients Colombia correlated current account balance current account deficit demand DLCONS SMOOTH CONSGDP dlog DC dlog E dlog G dlog PN dlogE econometric economy Ecuador episodes epoch equation equilibrium estimated exchange rate policy exchange rate regimes exogenous export prices F-statistic function gdprdev cagdp rex-100 government expenditures government spending gross domestic product growth income increases in government instrumental variables interest rate intertemporal markets Mexico nominal devaluations nominal exchange rate non-traded goods prices optimal ordinary least squares Paraguay period permanent shocks Peru price of non-tradables private sector real appreciations real exchange rate Remainder Mean reserve holdings Reserves/gross trade Restriction Ricardian Equivalence Selected Variables t-to Table temporary and permanent terms of trade terms-of-trade theory trend Upswings Uruguay values variance Venezuela wealth effects yes yes