How Do Countries Choose their Exchange Rate Regime?:
This paper investigates the determinants of exchange rate regime choice in 93 countries during 1990-98. Cross-country analysis of variations in international reserves and nominal exchange rates shows that (i) truly fixed pegs and independent floats differ significantly from other regimes and (ii) si...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2001
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Schriftenreihe: | IMF Working Papers
Working Paper No. 01/46 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper investigates the determinants of exchange rate regime choice in 93 countries during 1990-98. Cross-country analysis of variations in international reserves and nominal exchange rates shows that (i) truly fixed pegs and independent floats differ significantly from other regimes and (ii) significant discrepancies exist between de jure and de facto flexibility. Regression results highlight the influence of political factors (political instability and government temptation to inflate), adequacy of reserves, dollarization (currency substitution), exchange rate risk exposure, and some traditional optimal currency area criteria, in particular capital mobility, on exchange rate regime selection |
Beschreibung: | 1 Online-Ressource (33 p) |
ISBN: | 145184655X 9781451846553 |
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spelling | Poirson, Hélène Verfasser aut How Do Countries Choose their Exchange Rate Regime? Poirson, Hélène Washington, D.C International Monetary Fund 2001 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 01/46 This paper investigates the determinants of exchange rate regime choice in 93 countries during 1990-98. Cross-country analysis of variations in international reserves and nominal exchange rates shows that (i) truly fixed pegs and independent floats differ significantly from other regimes and (ii) significant discrepancies exist between de jure and de facto flexibility. Regression results highlight the influence of political factors (political instability and government temptation to inflate), adequacy of reserves, dollarization (currency substitution), exchange rate risk exposure, and some traditional optimal currency area criteria, in particular capital mobility, on exchange rate regime selection Online-Ausg http://elibrary.imf.org/view/IMF001/03135-9781451846553/03135-9781451846553/03135-9781451846553.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Poirson, Hélène How Do Countries Choose their Exchange Rate Regime? |
title | How Do Countries Choose their Exchange Rate Regime? |
title_auth | How Do Countries Choose their Exchange Rate Regime? |
title_exact_search | How Do Countries Choose their Exchange Rate Regime? |
title_exact_search_txtP | How Do Countries Choose their Exchange Rate Regime? |
title_full | How Do Countries Choose their Exchange Rate Regime? Poirson, Hélène |
title_fullStr | How Do Countries Choose their Exchange Rate Regime? Poirson, Hélène |
title_full_unstemmed | How Do Countries Choose their Exchange Rate Regime? Poirson, Hélène |
title_short | How Do Countries Choose their Exchange Rate Regime? |
title_sort | how do countries choose their exchange rate regime |
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