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Monetary Independence in Emerging Markets : Does the Exchange Rate Regime Make a Difference?

Author/Editor: Thomas Philippon, Jeronimo Zettelmeyer, Eduardo Borensztein.

Release Date: January, 2001

Price: $15.00

This paper compares the impact of shocks to U.S. interest rates and emerging market bond spreads on domestic interest rates and exchange rates across several emerging market economies with different more...



Money, Wages and Inflation in Middle-Income Developing Countries

Author/Editor: Pierre-Richard Agénor, Alexander W Hoffmaister.

Release Date: December, 1997

Price: $15.00

This paper examines the short-run links between money growth, exchange rate depreciation, nominal wage growth, the output gap, and inflation in Chile, Korea, Mexico, and Turkey, using a generalized more...