MARC 主機 00000nam a22004453i 4500 
001    EBC1607846 
003    MiAaPQ 
005    20200713055258.0 
006    m     o  d |       
007    cr cnu|||||||| 
008    200713s2008    xx      o     ||||0 eng d 
020    9781451914375|q(electronic bk.) 
020    |z9781451869835 
035    (MiAaPQ)EBC1607846 
035    (Au-PeEL)EBL1607846 
035    (CaPaEBR)ebr10368643 
035    (OCoLC)870245289 
040    MiAaPQ|beng|erda|epn|cMiAaPQ|dMiAaPQ 
050  4 HF1746 -- .B538 2008eb 
082 0  382.917 
100 1  Juvenal, Luciana 
245 10 Mexico's Integration into NAFTA Markets :|bA View from 
       Sectoral Real Exchange Rates and Transaction Costs 
264  1 Washington :|bInternational Monetary Fund,|c2008 
264  4 |c©2008 
300    1 online resource (27 pages) 
336    text|btxt|2rdacontent 
337    computer|bc|2rdamedia 
338    online resource|bcr|2rdacarrier 
490 1  IMF Working Papers 
505 0  Intro -- CONTENTS -- I. Introduction -- II. Nonlinear 
       Dynamics in Real Exchange Rates -- A. Theoretical 
       Underpinnings -- B. Estimation Methodology and SETAR Model
       -- C. Testing Procedures -- III. Estimation Results -- A. 
       Testing for Nonlinear Price Convergence -- B. Estimated 
       Transaction Costs -- C. Robustness of Results -- D. Half-
       Lives -- IV. Determinants of Thresholds in Real Exchange 
       Rates -- V. Summary of Results and Conclusion -- Figure --
       1. Extent of Price Convergence between Mexico-U.S. and 
       Canada-U.S -- Tables -- 1. SETAR Estimation Results -- 2. 
       SETAR Estimation Results (Detrended Data) -- 3. SETAR 
       Estimation Results (Controlling for Different Mean during 
       Tequila Crisis) -- 4. Estimation of Half-Lives for 
       Sectoral Real Exchange Rates (In Months) -- 5. SETAR 
       Estimation Results for Aggregate Price Indices -- 6. 
       Threshold Regressions -- Box -- 1. Real Exchange Rate 
       Thresholds at the Aggregate CPI Level -- References 
520    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 
588    Description based on publisher supplied metadata and other
       sources 
590    Electronic reproduction. Ann Arbor, Michigan : ProQuest 
       Ebook Central, 2020. Available via World Wide Web. Access 
       may be limited to ProQuest Ebook Central affiliated 
       libraries 
650  0 Canada. -- Treaties, etc., -- 1992 October 7.;Foreign 
       exchange rates -- Mexico.;Foreign exchange rates -- United
       States.;Foreign exchange rates -- Canada.;North America --
       Economic integration 
655  4 Electronic books 
700 1  Blavy, Rodolphe 
776 08 |iPrint version:|aJuvenal, Luciana|tMexico's Integration 
       into NAFTA Markets : A View from Sectoral Real Exchange 
       Rates and Transaction Costs|dWashington : International 
       Monetary Fund,c2008|z9781451869835 
830  0 IMF Working Papers 
856 40 |uhttps://ebookcentral.proquest.com/lib/sinciatw/
       detail.action?docID=1607846|zClick to View