Import-intensive sectors see higher exchange rate pass-through
Changes in Colombian peso exchange rate against dollar have small effect on exports
Import-intensive industries in Colombia have a higher exchange rate pass-through to both exports and imports, says research published by the Bank for International Settlements.
In Industry heterogeneity and exchange rate pass-through, Camila Casas, economist at the Central Bank of Colombia, analyses exchange rate pass-through at the industry level. Industries with a larger share of imported inputs tend to have a higher exchange rate pass-through to both export and import prices.
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