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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...
The Impact of Monetary Policyon the Exchange Rate : Evidence From Three Small Open Economies
Author/Editor: Jeronimo Zettelmeyer.
Release Date: August, 2000Price: $15.00
This paper studies the impact effect of monetary policy shocks—identified by the reaction of three month market interest rates to policy announcements—on the exchange rate in more...