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Volatility reversal from interest rates to the real exchange rate: financial liberalisation in Chile, 1975-82.

By: McNelis, Paul D; Schmidt-Hebbel, Klaus.
Material type: materialTypeLabelBookSeries: The world bank working papers no. 697. Publisher: Washington : World Bank, 1991Subject(s): Fiscal policy | Chile -- Foreign exchange -- 1975-1982. -- Chile -- Foreign exchange -- 1975-1982. -- Chile -- Foreign exchange -- 1975-1982Summary: 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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