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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...



Commodity Currencies and Empirical Exchange Rate Puzzles

Author/Editor: Kenneth Rogoff, Yu-chin Chen.

Release Date: February, 2002

Price: $15.00

This paper re-examines empirical exchange rate puzzles by focusing on three OECD economies (Australia, Canada, and New Zealand) where primary commodities constitute a significant share of their more...