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Fundamentals of real exchange rate determination: what role in the peso crisis?

We examine the role of structural factors in the Mexican real exchangerate experience since 1970, particularly in the crisis of December, 1994.We find that "fundamental" determinants of the real exchange-omittedfrom previous research-are cointegrated with nominal exchange ratesand relative prices, w...

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Publicat a:Estudios Económicos
Autor principal: Arne Kildegaard
Format: Artigo
Idioma:Inglês
Publicat: El Colegio de México, A.C. 2006
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Accés en línia:https://www.redalyc.org/articulo.oa?id=59721101
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