Living with Flexible Exchange Rates: Issues and Recent Experience in Inflation Targeting Emerging Market Economies

By Corrinne Ho, Robert N. McCauley. 2003

196 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4a85c38b2bd477a8655ec1d2a8676a15797780d6

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

Citations in the corpus

Whither monetary and financial stability? the implications of evolving policy regimes (2004, unknown): “See in particular BIS (2003), Chapter 6.”
On Target? the International Experience with Achieving Inflation Targets (2005, background): “Most smaller open inflation targeting countries, especially those with thin foreign exchange markets, intervene in the foreign exchange market or adjust interest rates to limit the effect of temporary exchange rate shocks on inflation and financial stability (Ho and McCauley, 2003).”
The Effectiveness of Foreign Exchange Intervention in Emerging Market Countries: Evidence from the Czech Koruna (2007, unknown): “As documented by Ho and McCauley (2003), foreign exchange markets in most emerging economies do tend to be relatively small with bid-ask spreads that appear to be less uniform (both across currencies and across time) and wider than those among industrial country currencies, indicating less…”
Slow Pass-through Around the World: A New Import for Developing Countries? (2011, background): “9 Kreinen (1977) and Magee (1973). 10 There are also other reasons why the literature on incomplete pass-through took off in the late 1980s: it provided an application for some tools of game theory that had then been newly imported into international trade theory from industrial organization; it pro”
The Classification and Performance of Alternative Exchange-Rate Systems (2008, background): “…that, in thin foreign-exchange markets, excessive volatility may lead to disorderly and illiquid markets, a situation often characterized by wide bid-ask spreads and sudden jumps in prices (i.e., successive transaction prices outside the previous bid-ask spread) (Ho and McCauley, 2003, pp. 18-19).”