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文章基本信息

  • 标题:Real exchange rates, dollarization and industrial employment in Latin America
  • 本地全文:下载
  • 作者:Arturo Galindo ; Alejandro Izquierdo y José Manuel Montero
  • 期刊名称:Documentos de Trabajo / Banco de España
  • 印刷版ISSN:0213-2710
  • 电子版ISSN:1579-8666
  • 出版年度:2006
  • 卷号:1
  • 出版社:Banco de España
  • 摘要:

    We use a panel dataset on industrial employment and trade for 9 Latin American countries for which liability dollarization data at the industrial level is available. We test whether real exchange rate fluctuations have a significant impact on employment, and analyze whether the impact varies with the degree of trade openness and liability dollarization. Econometric evidence supports the view that real exchange rate depreciations can impact employment growth positively, but this effect is reversed as liability dollarization increases. In industries with high liability dollarization, the overall impact of a real exchange rate depreciation can be negative.

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