Mexico'S Integration Into Nafta Markets: A View From Sectoral Real Exchange Rates and Transaction Costs
A self-exciting threshold autoregressive model is used to measure transaction costs that may explain relative price differentials and nonlinearities in the behavior of sectoral real exchange rates across Mexico, Canada and the U.S. Interpreting price threshold bands as transactions costs, we find ev...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2008
|
| Series: | IMF Working Papers
Working Paper No. 08/123 |
| Subjects: | |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | A self-exciting threshold autoregressive model is used to measure transaction costs that may explain relative price differentials and nonlinearities in the behavior of sectoral real exchange rates across Mexico, Canada and the U.S. Interpreting price threshold bands as transactions costs, we find evidence that Mexico still face higher transaction costs than their developed counterparts, even though trade liberalization lowers relative price differentials between countries. The distance between countries and nominal exchange rate volatility are found to be determinants of transaction costs that limit price convergence. Other factors-including weak domestic competition and transportation-are also likely to be important |
| Item Description: | Includes bibliographical references |
| Physical Description: | 1 Online-Ressource (25 p) |
| ISBN: | 1451869835 9781451869835 |
Staff View
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| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:33Z |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Juvenal, Luciana Verfasser aut Mexico'S Integration Into Nafta Markets A View From Sectoral Real Exchange Rates and Transaction Costs Juvenal, Luciana Washington, D.C International Monetary Fund 2008 1 Online-Ressource (25 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/123 Includes bibliographical references A self-exciting threshold autoregressive model is used to measure transaction costs that may explain relative price differentials and nonlinearities in the behavior of sectoral real exchange rates across Mexico, Canada and the U.S. Interpreting price threshold bands as transactions costs, we find evidence that Mexico still face higher transaction costs than their developed counterparts, even though trade liberalization lowers relative price differentials between countries. The distance between countries and nominal exchange rate volatility are found to be determinants of transaction costs that limit price convergence. Other factors-including weak domestic competition and transportation-are also likely to be important Online-Ausg Foreign exchange rates Canada Foreign exchange rates Mexico Foreign exchange rates United States Canada / Treaties, etc / 1992 October 7 North America / Economic integration Electronic books Blavy, Rodolphe Sonstige oth http://elibrary.imf.org/view/IMF001/09213-9781451869835/09213-9781451869835/09213-9781451869835.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Juvenal, Luciana Mexico'S Integration Into Nafta Markets A View From Sectoral Real Exchange Rates and Transaction Costs Foreign exchange rates Canada Foreign exchange rates Mexico Foreign exchange rates United States |
| title | Mexico'S Integration Into Nafta Markets A View From Sectoral Real Exchange Rates and Transaction Costs |
| title_auth | Mexico'S Integration Into Nafta Markets A View From Sectoral Real Exchange Rates and Transaction Costs |
| title_exact_search | Mexico'S Integration Into Nafta Markets A View From Sectoral Real Exchange Rates and Transaction Costs |
| title_exact_search_txtP | Mexico'S Integration Into Nafta Markets A View From Sectoral Real Exchange Rates and Transaction Costs |
| title_full | Mexico'S Integration Into Nafta Markets A View From Sectoral Real Exchange Rates and Transaction Costs Juvenal, Luciana |
| title_fullStr | Mexico'S Integration Into Nafta Markets A View From Sectoral Real Exchange Rates and Transaction Costs Juvenal, Luciana |
| title_full_unstemmed | Mexico'S Integration Into Nafta Markets A View From Sectoral Real Exchange Rates and Transaction Costs Juvenal, Luciana |
| title_short | Mexico'S Integration Into Nafta Markets |
| title_sort | mexico s integration into nafta markets a view from sectoral real exchange rates and transaction costs |
| title_sub | A View From Sectoral Real Exchange Rates and Transaction Costs |
| topic | Foreign exchange rates Canada Foreign exchange rates Mexico Foreign exchange rates United States |
| topic_facet | Foreign exchange rates Canada Foreign exchange rates Mexico Foreign exchange rates United States |
| url | http://elibrary.imf.org/view/IMF001/09213-9781451869835/09213-9781451869835/09213-9781451869835.xml |
| work_keys_str_mv | AT juvenalluciana mexicosintegrationintonaftamarketsaviewfromsectoralrealexchangeratesandtransactioncosts AT blavyrodolphe mexicosintegrationintonaftamarketsaviewfromsectoralrealexchangeratesandtransactioncosts |