The Behavior of Interest Rate Differentials under Shifting Exchange Rate Regimes: The Experience of Chile, Colombia and Israel

dc.creatorIbarra,Carlos A.
dc.date2005-05-01
dc.date.accessioned2017-03-07T15:24:25Z
dc.date.available2017-03-07T15:24:25Z
dc.identifierhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212005012500005
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/384390
dc.descriptionThis paper studies the dynamics of the interest rate differential across band and floating exchange rate regimes in Chile, Colombia and Israel, and in a benchmark group composed of Italy, Portugal and Spain. Significant differences in the interest rate-exchange rate link are found between the two groups, irrespective of regime. However, in all countries, except Italy, the interest differential ceased to behave anti-cyclically against output after the adoption of floating, possibly because of a perceived need to gain credibility for the new system in the context of an ongoing disinflation process
dc.formattext/html
dc.languageen
dc.publisherInstituto de Economía, Pontificia Universidad Católica de Chile
dc.sourceCuadernos de economía v.42 n.125 2005
dc.subjectInterest Rate Differentials
dc.subjectExchange Rate Regimes
dc.titleThe Behavior of Interest Rate Differentials under Shifting Exchange Rate Regimes: The Experience of Chile, Colombia and Israel
dc.typeArtículos de revistas


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