000			00906nam a2200133Ia 4500
080			_a11.03.01 G6181
100			_aGoldfajn, Ilan
245			_aCan flexible exchange rates still 'work' in financially open economies?
260			_bUN _aNew YorkUS _c2001
300			_aix, 22 p.
520			_aConcentrates on the effect of high capital mobility on the usefulness of different exchange rate regimes, in particular on the relative benefits of exchange rate flexibility. Documents the degree of volatility of the exchange rate in floating regime economies. Examines the sensitivity of interest rates to foreign interest rate shocks. Reports on the contractionary effects of devaluation in emerging economies. Analyses, briefly, two case studies in Latin America, Mexico and Brazil, and comments on the recent performance of these floating exchange economies.
583			_c4/4/01 _kJOY_D
942			_cM _mG6181
999			_c23488 _d23488