Exchange-rate variations and the rate of inflation in emerging economies

This paper develops a structural general equilibrium model to analyse the reactions of the nominal exchange rate and the domestic price level to three types of external shock in emerging economies that have limited access to world capital markets. Although the results depend crucially on the type of external shock, each of the two national balance-sheet parameters considered here —the risk premium and the ratio of external indebtedness— exacerbates the reactions of the two endogenous variables without altering the degree of exchange-rate pass-through (erpt). Moreover, flatter Phillips curves, as observed today in many economies, tend to increase erpt. On the basis of these results, the authorities of emerging economies seeking to stabilize markets and limit erpt are advised to minimize the two risk parameters by applying a flexible inflation-targeting regime.

Corporate risk management and exchange rate volatility in Latin America

Includes bibliography

How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis

Includes bibliography

Regional exchange rate arrangements: the European experience

Includes bibliography

Enfoque monetario del tipo de cambio = Monetary approach to the exchange rate

Incluye Bibliografía

Regional integration and the issue of choosing an appropriate exchange-rate regime in Latin America

Includes bibliography

Andean exchange-rate regimes, 1994-2003: a brief for stable but flexible" regimes"

Includes bibliography

Corporate risk management and exchange rate volatility in Latin America

Includes bibliography

How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis

Includes bibliography

The monetary crisis, dollarization and the exchange rate

Includes bibliography

The impact of exchange-rate and trade policy on export performance in the 1980s

Includes bibliography

Exchange rate regimes and macroeconomic performance in Argentina, Brazil and Mexico

Includes bibliography

The competitive real exchange-rate regime, inflation and monetary policy

Includes bibliography

Exchange-rate management in Brazil

Includes bibliography

Exchange rate regimes in the Caribbean

This document analyses exchange rate regimes in the Caribbean subregion. Caribbean exchange rate regimes are typified into hard and soft pegs. Hard pegs refer to those arrangements that maintain a constant value of the domestic currency in terms of the currency of a major trading partner. The Organisation of Eastern Caribbean States (OECS); economies established a monetary union in 1983. The Bahamas, Belize and Barbados also fixed the value of their domestic currency in relation to the United States dollar in the middle of the 1970s. Soft pegs are monetary arrangements characterized by a forcefully managed exchange rate. Three countries are included in this category, Guyana, Jamaica and Trinidad and Tobago