Effective exchange rate classifications and growth:
"We propose an econometric procedure for obtaining de facto exchange rate regime classifications which we apply to study the relationship between exchange rate regimes and economic growth. Our classification method models the de jure regimes as outcomes of a multinomial logit choice problem con...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11272 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "We propose an econometric procedure for obtaining de facto exchange rate regime classifications which we apply to study the relationship between exchange rate regimes and economic growth. Our classification method models the de jure regimes as outcomes of a multinomial logit choice problem conditional on the volatility of a country's effective exchange rate, a bilateral exchange rate and international reserves. An 'effective' de facto exchange rate regime classification is then obtained by assigning country-year observations to the regime with the highest predictive probability obtained from the estimation problem. An econometric investigation into the relationship between exchange rate regimes and GDP growth finds that growth is higher under stable currency-value regimes. Significant asymmetric effects on country growth from not doing what is said are found for nonindustrialized countries. Countries that exhibit 'fear of floating' experience significantly higher growth"--National Bureau of Economic Research web site. |
| Beschreibung: | 34 S. graph. Darst. |
Internformat
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV019898740 | ||
| 003 | DE-604 | ||
| 005 | 20100303 | ||
| 007 | t | ||
| 008 | 050726s2005 xxud||| |||| 00||| eng d | ||
| 035 | |a (OCoLC)60362613 | ||
| 035 | |a (DE-599)BVBBV019898740 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-703 |a DE-521 |a DE-19 | ||
| 050 | 0 | |a HB1 | |
| 084 | |a QB 910 |0 (DE-625)141231: |2 rvk | ||
| 100 | 1 | |a Dubas, Justin M. |e Verfasser |0 (DE-588)130507490 |4 aut | |
| 245 | 1 | 0 | |a Effective exchange rate classifications and growth |c Justin M. Dubas ; Byung-Joo Lee ; Nelson C. Mark |
| 264 | 1 | |a Cambridge, Mass. |b National Bureau of Economic Research |c 2005 | |
| 300 | |a 34 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11272 | |
| 520 | 3 | |a "We propose an econometric procedure for obtaining de facto exchange rate regime classifications which we apply to study the relationship between exchange rate regimes and economic growth. Our classification method models the de jure regimes as outcomes of a multinomial logit choice problem conditional on the volatility of a country's effective exchange rate, a bilateral exchange rate and international reserves. An 'effective' de facto exchange rate regime classification is then obtained by assigning country-year observations to the regime with the highest predictive probability obtained from the estimation problem. An econometric investigation into the relationship between exchange rate regimes and GDP growth finds that growth is higher under stable currency-value regimes. Significant asymmetric effects on country growth from not doing what is said are found for nonindustrialized countries. Countries that exhibit 'fear of floating' experience significantly higher growth"--National Bureau of Economic Research web site. | |
| 650 | 4 | |a Entwicklungsländer | |
| 650 | 4 | |a Politik | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Foreign exchange rates |x Econometric models | |
| 650 | 4 | |a Foreign exchange rates |x Government policy |x Econometric models | |
| 650 | 4 | |a Foreign exchange rates |z Developing countries | |
| 651 | 4 | |a Developing countries |x Economic conditions |x Econometric models | |
| 700 | 1 | |a Lee, Byung-joo |e Verfasser |0 (DE-588)130507563 |4 aut | |
| 700 | 1 | |a Mark, Nelson C. |d 1955- |e Verfasser |0 (DE-588)128758945 |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 830 | 0 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11272 |w (DE-604)BV002801238 |9 11272 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w11272.pdf |z kostenfrei |3 Volltext |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-013222802 | ||
Datensatz im Suchindex
| _version_ | 1804133437268819968 |
|---|---|
| any_adam_object | |
| author | Dubas, Justin M. Lee, Byung-joo Mark, Nelson C. 1955- |
| author_GND | (DE-588)130507490 (DE-588)130507563 (DE-588)128758945 |
| author_facet | Dubas, Justin M. Lee, Byung-joo Mark, Nelson C. 1955- |
| author_role | aut aut aut |
| author_sort | Dubas, Justin M. |
| author_variant | j m d jm jmd b j l bjl n c m nc ncm |
| building | Verbundindex |
| bvnumber | BV019898740 |
| callnumber-first | H - Social Science |
| callnumber-label | HB1 |
| callnumber-raw | HB1 |
| callnumber-search | HB1 |
| callnumber-sort | HB 11 |
| callnumber-subject | HB - Economic Theory and Demography |
| classification_rvk | QB 910 |
| ctrlnum | (OCoLC)60362613 (DE-599)BVBBV019898740 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02828nam a2200457 cb4500</leader><controlfield tag="001">BV019898740</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20100303 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">050726s2005 xxud||| |||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)60362613</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV019898740</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-703</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HB1</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QB 910</subfield><subfield code="0">(DE-625)141231:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Dubas, Justin M.</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)130507490</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Effective exchange rate classifications and growth</subfield><subfield code="c">Justin M. Dubas ; Byung-Joo Lee ; Nelson C. Mark</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, Mass.</subfield><subfield code="b">National Bureau of Economic Research</subfield><subfield code="c">2005</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">34 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">11272</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">"We propose an econometric procedure for obtaining de facto exchange rate regime classifications which we apply to study the relationship between exchange rate regimes and economic growth. Our classification method models the de jure regimes as outcomes of a multinomial logit choice problem conditional on the volatility of a country's effective exchange rate, a bilateral exchange rate and international reserves. An 'effective' de facto exchange rate regime classification is then obtained by assigning country-year observations to the regime with the highest predictive probability obtained from the estimation problem. An econometric investigation into the relationship between exchange rate regimes and GDP growth finds that growth is higher under stable currency-value regimes. Significant asymmetric effects on country growth from not doing what is said are found for nonindustrialized countries. Countries that exhibit 'fear of floating' experience significantly higher growth"--National Bureau of Economic Research web site.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Entwicklungsländer</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Politik</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaft</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Ökonometrisches Modell</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Foreign exchange rates</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Foreign exchange rates</subfield><subfield code="x">Government policy</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Foreign exchange rates</subfield><subfield code="z">Developing countries</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Developing countries</subfield><subfield code="x">Economic conditions</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Lee, Byung-joo</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)130507563</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Mark, Nelson C.</subfield><subfield code="d">1955-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)128758945</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Online-Ausgabe</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">11272</subfield><subfield code="w">(DE-604)BV002801238</subfield><subfield code="9">11272</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://papers.nber.org/papers/w11272.pdf</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-013222802</subfield></datafield></record></collection> |
| geographic | Developing countries Economic conditions Econometric models |
| geographic_facet | Developing countries Economic conditions Econometric models |
| id | DE-604.BV019898740 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:08:42Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013222802 |
| oclc_num | 60362613 |
| open_access_boolean | 1 |
| owner | DE-703 DE-521 DE-19 DE-BY-UBM |
| owner_facet | DE-703 DE-521 DE-19 DE-BY-UBM |
| physical | 34 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Dubas, Justin M. Verfasser (DE-588)130507490 aut Effective exchange rate classifications and growth Justin M. Dubas ; Byung-Joo Lee ; Nelson C. Mark Cambridge, Mass. National Bureau of Economic Research 2005 34 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11272 "We propose an econometric procedure for obtaining de facto exchange rate regime classifications which we apply to study the relationship between exchange rate regimes and economic growth. Our classification method models the de jure regimes as outcomes of a multinomial logit choice problem conditional on the volatility of a country's effective exchange rate, a bilateral exchange rate and international reserves. An 'effective' de facto exchange rate regime classification is then obtained by assigning country-year observations to the regime with the highest predictive probability obtained from the estimation problem. An econometric investigation into the relationship between exchange rate regimes and GDP growth finds that growth is higher under stable currency-value regimes. Significant asymmetric effects on country growth from not doing what is said are found for nonindustrialized countries. Countries that exhibit 'fear of floating' experience significantly higher growth"--National Bureau of Economic Research web site. Entwicklungsländer Politik Wirtschaft Ökonometrisches Modell Foreign exchange rates Econometric models Foreign exchange rates Government policy Econometric models Foreign exchange rates Developing countries Developing countries Economic conditions Econometric models Lee, Byung-joo Verfasser (DE-588)130507563 aut Mark, Nelson C. 1955- Verfasser (DE-588)128758945 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11272 (DE-604)BV002801238 11272 http://papers.nber.org/papers/w11272.pdf kostenfrei Volltext |
| spellingShingle | Dubas, Justin M. Lee, Byung-joo Mark, Nelson C. 1955- Effective exchange rate classifications and growth National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Entwicklungsländer Politik Wirtschaft Ökonometrisches Modell Foreign exchange rates Econometric models Foreign exchange rates Government policy Econometric models Foreign exchange rates Developing countries |
| title | Effective exchange rate classifications and growth |
| title_auth | Effective exchange rate classifications and growth |
| title_exact_search | Effective exchange rate classifications and growth |
| title_full | Effective exchange rate classifications and growth Justin M. Dubas ; Byung-Joo Lee ; Nelson C. Mark |
| title_fullStr | Effective exchange rate classifications and growth Justin M. Dubas ; Byung-Joo Lee ; Nelson C. Mark |
| title_full_unstemmed | Effective exchange rate classifications and growth Justin M. Dubas ; Byung-Joo Lee ; Nelson C. Mark |
| title_short | Effective exchange rate classifications and growth |
| title_sort | effective exchange rate classifications and growth |
| topic | Entwicklungsländer Politik Wirtschaft Ökonometrisches Modell Foreign exchange rates Econometric models Foreign exchange rates Government policy Econometric models Foreign exchange rates Developing countries |
| topic_facet | Entwicklungsländer Politik Wirtschaft Ökonometrisches Modell Foreign exchange rates Econometric models Foreign exchange rates Government policy Econometric models Foreign exchange rates Developing countries Developing countries Economic conditions Econometric models |
| url | http://papers.nber.org/papers/w11272.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT dubasjustinm effectiveexchangerateclassificationsandgrowth AT leebyungjoo effectiveexchangerateclassificationsandgrowth AT marknelsonc effectiveexchangerateclassificationsandgrowth |