Volatility reversal from interest rates to the real exchange rate: financial liberalisation in Chile, 1975-82.
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TextSeries: The world bank working papers no. 697Publication details: Washington : World Bank, 1991.Subject(s): Summary: Data for Chile (1975-82) indicate that liberalizing the capital accounts does not eliminate variations in the domestic interest rate but shifts these to the real exchange rate.
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Data for Chile (1975-82) indicate that liberalizing the capital accounts does not eliminate variations in the domestic interest rate but shifts these to the real exchange rate.
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