2024-03-28T12:14:59Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/68592023-12-04T14:10:32Zcom_123456789_5661com_123456789_21col_123456789_5691
Real exchange rates, dollarization and industrial employment in Latin America
Galindo, Arturo
Izquierdo, Alejandro
Montero, José Manuel
Manufacturing employment
Real exchange rates
Debt composition
Balance sheet effects
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. [resumen de autor]
2006-01-03
Documento de trabajo
ISSN: 0213-2710 (en papel)
ISSN: 1579-8666 (en línea)
https://repositorio.bde.es/handle/123456789/6859
eng
Documentos de Trabajo / Banco de España, 0601
https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
http://rightsstatements.org/vocab/InC-NC/1.0/
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
In Copyright - Non Commercial Use Permitted
América Latina
Banco de España
Madrid : Banco de España, 2006