Exchange Rates and Trade Balance Adjustment in Emerging Market Economies
Electronic Access:
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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.
Series:
Policy Papers
Notes:
The views expressed in this paper are those of the staff and do not necessarily reflect the views of the Executive Board of the IMF.
English
Publication Date:
October 10, 2006
Format:
Paper
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