The Interest Rate-Exchange Rate Link in the Mexican Float

dc.creator	Carlos A. Ibarra
dc.date	2004
dc.date.accessioned	2022-03-22T16:07:33Z
dc.date.available	2022-03-22T16:07:33Z
dc.identifier	http://www.redalyc.org/articulo.oa?id=32313101
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/82843
dc.description	This paper examines empirically the interest rate-exchange rate link in the context of the Mexican experience with a floating exchange regime. The impulse response function derived from an ECM estimated by GMM reveals a lasting positive effect of a currency depreciation on the peso-dollar interest rate differential. Some of the macroeconomic consequences from this pattern are discussed, together with a possible explanation based on the incorporation of the central bank reaction function into private expectations.
dc.format	application/pdf
dc.language	en
dc.publisher	Centro de Investigación y Docencia Económicas, A.C.
dc.relation	http://www.redalyc.org/revista.oa?id=323
dc.rights	Economía Mexicana. Nueva Época
dc.source	Economía Mexicana. Nueva Época (México) Num.1 Vol.XIII
dc.subject	Economía y Finanzas
dc.subject	interest rate-exchange rate link
dc.subject	floating exchange rate regimes
dc.title	The Interest Rate-Exchange Rate Link in the Mexican Float
dc.type	artículo científico