- Abstract:
-
The author analyzes the relationship between remittances, exchange rates, and money demand in Mexico. He finds that shocks to remittances have a positive impact on domestic money demand. The results also suggest the existence of a bi-directional relationship between remittances and the exchange rate. Furthermore, positive shocks to remittances are found to have a negative impact on Mexico's real exchange rate. This indicates that remittances appreciate the Mexican peso and therefore may impac...
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(pdf, 178.2kb)
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- Publisher copy:
- 10.1111/j.1467-9361.2008.00468.x
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- Journal:
- Review of Development Economics
- Volume:
- 13
- Issue:
- 1
- Publication date:
- 2009
- DOI:
- URN:
-
uuid:c5fc1502-1252-4908-ad08-f37b4877cc24
- Local pid:
- oai:economics.ouls.ox.ac.uk:14966
- Language:
- English
- Copyright date:
- 2009
Journal article
The tale of three amigos: Remittances, exchange rates, and money demand in Mexico.
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