Commodity export prices and the real exchange rate in developing countries (English)

In this paper a model that analyzes the interaction between changes in commodity export prices, money creation inflation and real exchange rates in developing countries is developed. According to the model, commodity export booms can result, through the accumulation of international reserves, in a higher rate of money creation and inflation. In turn, this higher inflation can generate an appreciation of the domestic currency that exceeds what real...

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Author

Edwards, S.;
Document Date
1985/01/31
Document Type
Departmental Working Paper
Report Number
CPD8515
Volume No
1
Total Volume(s)
1
Country
Colombia,
Region
Latin America and Caribbean,
Disclosure Date
2017/11/15
Disclosure Status
Disclosed
Doc Name
Commodity export prices and the real exchange rate in developing countries
Keywords
real exchange rate

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Citation

Edwards, S..

Commodity export prices and the real exchange rate in developing countries (English). Country Policy Department discussion paper|no. CPD 8515 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/323381492001032117

Commodity export prices and the real exchange rate in developing countries (English)

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