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Exchange rate regime choice [PDF]
Panoeconomicus, 2006 The choice of an adequate exchange rate regime proves to be a highly sensitive field within which the economic authorities present and confirm themselves. The advantages and disadvantages of fixed and flexible exchange rate regimes, which have been quite
Beker Emilija
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Assessing China's exchange rate regime [PDF]
Economic Policy, 2007 The IMF Articles of Agreement forbid a country from manipulating its currency for unfair advantage. The US Treasury has been legally required since 1988 to report to Congress biannually regarding whether individual trading partners are guilty of manipulation.
Jeffrey A. Frankel, Shang-Jin Wei
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Pegged Exchange Rate Regimes - A Trap? [PDF]
SSRN Electronic Journal, 2005 We analyze the role of an exchange rate peg as a commitment mechanism to achieve inflation stability when multiple equilibria are possible. We show that there are ex ante large gains from choosing a more conservative regime not only in order to mitigate inflation bias from time inconsistency but also to avoid high inflation equilibria.
Aizenman, Joshua, Glick, Reuven
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Exchange rate regime and real exchange rate behavior [PDF]
Economics Bulletin, 2009 This paper examines exchange rate regimes from the viewpoint of the validity of purchasing power parity (PPP). Specifically, we analyze real exchange rate behavior under various classifications of exchange rate arrangement through panel unit root tests, and also investigate the adjustment speed of nominal exchange rate and relative prices separately ...
Hiroyuki Taguchi +2 more
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The Political Economy of Exchange Rate Regime in Developing Countries [PDF]
جستارهای اقتصادی, 2022 The main purpose of this study is to investigate the extent and manner of the impact of political economy factors on the de facto exchange rate regime in developing countries and to extract implications for the political economy of the Iranian exchange ...
Ehsan Mousavi +2 more
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THE ROLE ASYMMETRIES IN EXCHANGE RATE REGIMES AND MACROECONOMIC PERFORMANCE: THE CASE OF NIGERIA [PDF]
Oradea Journal of Business and Economics, 2022 The role of exchange rate in the macroeconomic fundamentals of a country cannot be underestimated but the nonlinear (asymmetric) feature of the exchange rate movements becomes of importance when analyzing its role in macroeconomic performance.
Samod Lawal-Arogundade
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Evaluation of Exchange Rate Regime’s Effect on Real Exchange Rate Misalignment: An Application of Propensity Score Matching Approach [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2022 Estimating the real exchange rate misalignment from the equilibrium value and exploring the factors affecting its changes is crucial for both economic policymakers and economic agents.
Seyed Hasan Malekhosseini +3 more
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The “real” exchange rate regime in China since 2015′s exchange rate reform
Asia and the Global Economy, 2023 Moving away from a fixed exchange rate in 2005, China has gradually enlarged the band of fluctuations of Renminbi (RMB) and implemented various reforms on its central parity to have a more flexible exchange rate regime.
Jinzhao Chen
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Real Effective Exchange Rate Misalignment of the Tunisian dinar [PDF]
Romanian Economic Journal, 2021 In the Tunisian context, the issue of the misalignment of the real exchange rate has arisen for some time for some reason, a question that has intensified after the adoption of the floating regime.
Bouzid Amaira
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EXCHANGE RATE REGIMES AND TRADE [PDF]
The Manchester School, 2007 A ‘new version’ of the gravity model is used to estimate the effect of a full range of de facto exchange rate regimes on bilateral trade. The results indicate that, while participation in a common currency union is typically strongly ‘pro‐trade’, other exchange rate regimes which lower the exchange rate uncertainty and transactions costs associated ...
Christopher Adam, David Cobham
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