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来源类型Papers
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DOIhttps://doi.org/10.26889/9781907555893
The Sectoral Effects of Exchange Rate Fluctuations – A Case Study of Colombia
Lavan Mahadeva
发表日期2013-12-23
出版年2013
页码11
语种英语
概述Nearly all countries whose exports are highly concentrated in fuel products fix their nominal exchange rate in order to protect the livelihoods of vulnerable workers in other sectors from exchange rate changes that could be caused by variations in international fuel prices. In this paper, we assess the impact that fuel price-induced exchange rate variability […]
摘要Nearly all countries whose exports are highly concentrated in fuel products fix their nominal exchange rate in order to protect the livelihoods of vulnerable workers in other sectors from exchange rate changes that could be caused by variations in international fuel prices. In this paper, we assess the impact that fuel price-induced exchange rate variability has on the different sectors of fuel-exporting countries, taking Colombia as a case-study. We document the rich variety of sectoral responses to an oil-price induced appreciation in Colombia and assess different solutions to underperforming sectors. Our analysis points to policies that improve the options available to workers in exposed sectors. We  also suggest that there may be an additional need for sectoral countercyclical macroprudential tools – those that can be used to reduce lending only to non-tradable sectors – in times of fuel price-induced exchange rate appreciation. Examples of these tools are higher loan-to-value ratios and risk weights on mortgages, on the commercial retail sector, and on personal loans, together with regulatory capital ratios, sectoral liquidity buffers, or taxes on housing sales.
主题Country and Regional Studies ; Energy Economics ; Finance ; Oil & Middle East Programme
关键词Diversification exchange rates fuel-exporting countries Lavan Mahadeva sectoral differences SP 31 SP31
URLhttps://www.oxfordenergy.org/publications/the-sectoral-effects-of-exchange-rate-fluctuations-a-case-study-of-colombia/
来源智库Oxford Institute for Energy Studies (United Kingdom)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/312292
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Lavan Mahadeva. The Sectoral Effects of Exchange Rate Fluctuations – A Case Study of Colombia. 2013.
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