@techreport{4895ceac04d24d3a9a6eccc125e73421,
title = "Stabilization, credibility and regime dependent real exchange rates",
abstract = "This paper studies a dynamic error correction model (ECM) highlighting the consequences of regime changes and of credibility on the performance of real exchange rates during stabilization. The analysis shows that the structural parameters of the ECM, from which an equilibrium real exchange rate is calculated, will be subject to structural breaks reflecting regime and credibility changes. Empirical evidence is presented on the Mexican 1988 and 1995 stabilization episodes.",
keywords = "ECM, Economics and econometrics, Mexico, equilibrium real exchange rates, inflation",
author = "Peter Prazmowski",
year = "2006",
month = mar,
language = "English",
series = "Economics Discussion Paper",
publisher = "Faculty of Arts and Social Sciences, Kingston University",
type = "WorkingPaper",
institution = "Faculty of Arts and Social Sciences, Kingston University",
}