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The Impact of Exchange Rate Regime on Interest Rates in Latin America

Caroline Duburcq

Latin American Journal of Economics2010https://doi.org/10.4067/s0717-68212010000100004article
ABDC C
Weight
0.33

What the paper says

We develop a theoretical framework to study the impact of the exchange rate regime in the interest rate determination. Using VECM, we assess the role of both domestic conditions and US factors in the determination of eight Latin-American countries' interest rates between February 1998 and April 2009. Three countries have hard-peg while the remaining five follow alternative regimes. The long and short-run determinants of domestic rates as well as an impulse response analysis prove that economies with rigidly-fixed exchange rates do not bear a loss of monetary autonomy substantially higher than that of floating-rate economies, with the exception of Brazil.

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https://doi.org/https://doi.org/10.4067/s0717-68212010000100004

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@article{caroline2010,
  title        = {{The Impact of Exchange Rate Regime on Interest Rates in Latin America}},
  author       = {Caroline Duburcq},
  journal      = {Latin American Journal of Economics},
  year         = {2010},
  doi          = {https://doi.org/https://doi.org/10.4067/s0717-68212010000100004},
}

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The Impact of Exchange Rate Regime on Interest Rates in Latin America

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Evidence weight

0.33

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.18 × 0.4 = 0.07
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.