Exchange Rates and Trade Balance Adjustment in Emerging Market Economies
The paper finds that simple econometric specifications yield surprising rich and complex dynamics -- relative prices respond to the nominal exchange rate and pass-through effects, import and export volumes respond to relative price changes, and the trade balance responds to changes in import and exp...
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| Format: | eBook |
| Language: | English |
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Washington, D.C.
International Monetary Fund
2006
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| Series: | Policy Papers
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| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| Summary: | The paper finds that simple econometric specifications yield surprising rich and complex dynamics -- relative prices respond to the nominal exchange rate and pass-through effects, import and export volumes respond to relative price changes, and the trade balance responds to changes in import and export values |
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| Physical Description: | 44 pages |
| ISBN: | 9781498332132 |