Is Latin America Overcoming its Fear of Floating?

This paper analyzes the evolution of fear of floating (FOF) and its effect on output in Colombia and Mexico. It shows that there has been a gradual rise in exchange-rate volatility as the period of floating lengthens in each country. The paper analyzes the implications of this evolution for the beha...

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Autor principal: IBARRA,CARLOS A
Lenguaje:English
Publicado: Instituto de Economía, Pontificia Universidad Católica de Chile 2007
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Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212007000200003
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spelling oai:scielo:S0717-682120070002000032007-12-27Is Latin America Overcoming its Fear of Floating?IBARRA,CARLOS A Floating exchange rates Fear of Floating This paper analyzes the evolution of fear of floating (FOF) and its effect on output in Colombia and Mexico. It shows that there has been a gradual rise in exchange-rate volatility as the period of floating lengthens in each country. The paper analyzes the implications of this evolution for the behavior of output. It finds that the reduction of FOF has tended to decrease output volatility in Chile. However, the opposite phenomenon has happened in Mexico, while the results for Colombia are ambiguousinfo:eu-repo/semantics/openAccessInstituto de Economía, Pontificia Universidad Católica de ChileCuadernos de economía v.44 n.130 20072007-11-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212007000200003en10.4067/S0717-68212007000200003
institution Scielo Chile
collection Scielo Chile
language English
topic Floating exchange rates
Fear of Floating
spellingShingle Floating exchange rates
Fear of Floating
IBARRA,CARLOS A
Is Latin America Overcoming its Fear of Floating?
description This paper analyzes the evolution of fear of floating (FOF) and its effect on output in Colombia and Mexico. It shows that there has been a gradual rise in exchange-rate volatility as the period of floating lengthens in each country. The paper analyzes the implications of this evolution for the behavior of output. It finds that the reduction of FOF has tended to decrease output volatility in Chile. However, the opposite phenomenon has happened in Mexico, while the results for Colombia are ambiguous
author IBARRA,CARLOS A
author_facet IBARRA,CARLOS A
author_sort IBARRA,CARLOS A
title Is Latin America Overcoming its Fear of Floating?
title_short Is Latin America Overcoming its Fear of Floating?
title_full Is Latin America Overcoming its Fear of Floating?
title_fullStr Is Latin America Overcoming its Fear of Floating?
title_full_unstemmed Is Latin America Overcoming its Fear of Floating?
title_sort is latin america overcoming its fear of floating?
publisher Instituto de Economía, Pontificia Universidad Católica de Chile
publishDate 2007
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212007000200003
work_keys_str_mv AT ibarracarlosa islatinamericaovercomingitsfearoffloating
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