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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, 2001Price: $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...