The Impact of Exchange Rate Regimes on Real Exchange Rates in South America, 1990‑2002
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper analyses the impact of exchange rate regimes on real exchange rates, as defined by the relative price of nontradables to tradables in Argentina, Brazil, Chile (ABC) and Mexico from 1990 to 2002. The real exchange rate is determined in the long-run by the Balassa-Samuelson effect, but in the medium run also by government expenditure and...
