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...
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11272 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "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. |
| Physical Description: | 34 S. graph. Darst. |
Staff View
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| 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 |
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| physical | 34 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
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| publisher | National Bureau of Economic Research |
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| 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 |
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