TEMPORARY FOREIGN-EXCHANGE SUBSIDIES, ANTICIPATED DEVALUATION, AND THE MEXDOLLAR ANOMALY

被引：0
|
作者：
ROGERS, JH
机构：
[1] Department of Economics, The Pennsylvania State University, University Park
来源：
ECONOMICS LETTERS | 1994年 / 45卷 / 01期
关键词：
D O I：
10.1016/0165-1765(94)90063-9
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Prior to Mexico's economic crisis of 1982, a dramatic drop in the 'dollarization ratio' coincided with higher expected peso depreciation. I hypothesize that the anomalous result is due to convertibility risk, and provide a formal interpretation using an optimizing model.
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页码：85 / 92
页数：8
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