Results 11 to 20 of about 7,524,478 (306)
Choice of an Exchange Rate Regime: the Role of Optimum Currency Area Theory
Competitio, 2021 This lecture deals with the problem of the choice of exchange rate regime for fiat and fully convertible currencies. We begin with a review of different types of exchange rate regimes and discuss the difference between de jure and de facto regimes.
Julius Horvath
doaj +2 more sources
Pegged Exchange Rate Regimes - A Trap? [PDF]
Journal of Money, Credit and Banking, 2005 This paper studies the empirical and theoretical association between the duration of a pegged exchange rate and the cost experienced upon exiting the regime. We confirm empirically that exits from pegged exchange rate regimes during the past two decades have often been accompanied by crises, the cost of which increases with the duration of the peg ...
Joshua Aizenman, Reuven Glick
openaire +4 more sources
The Endogeneity of Exchange-Rate Regimes [PDF]
, 2021 The international monetary system has passed through a succession of phases characterized alternatively by the dominance of fixed and flexible exchange rates. How are these repeated shifts between fixed and flexible rate regimes to be understood? The present paper specifies and tests six hypotheses with the capacity to explain the alternating phases of
openaire +2 more sources
Comparing the different types of Markov switching model for Euro to Iran Rial exchange rate [PDF]
Mathematics and Modeling in Finance, 2021 According to the rule of equality of equal prices, the price of a foreign commodity within a country depends on the price of the commodity at the origin as well as the exchange rate of that country.
Mahdi Pourrafiee +3 more
doaj +1 more source
Malaysian Management Journal, 2020 This study examined the insulation properties of flexible exchange rate regime and fixed exchange rate regime in response to the oil price shocks in Malaysia.
Fumitaka Furuoka +3 more
doaj +1 more source
EXCHANGE RATE REGIMES CHOICE AND THEIR CLASIFFICATION [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2020 Traditional monetary systems characterized by fixed rates have often caused currency crises. From the exchange rate regimes classification, we find that, as much as the level of developenet grow, the institutions become more mature, and the level of ...
HANDRO (MERCEA) PATRICIA AMALIA
doaj
The future exchange rate regime
PSL Quarterly Review, 2014 When the Committee of Twenty decided to rename the exchange-rate regime rather than reform it, some two weeks after the system had collapsed, it immediately became clear that the ambitious attempt to write a new monetary constitution for the world had ...
J. WILLIAMSON
doaj +1 more source
Choosing (and Reneging on) Exchange Rate Regimes [PDF]
Journal of the European Economic Association, 2003 We use data on announced and actual exchange rate arrangements to ask which countries follow de facto regimes different from their de iure ones, that is, do not do what they say. Our results suggest that countries with poor institutional quality have difficulty in maintaining pegging and abandon it more often.
Alesina, Alberto, Wagner, Alexander F
openaire +2 more sources
Exchange Rate Regimes and Location [PDF]
IMF Working Papers, 1997 This paper investigates the effects of fixed versus flexible exchange rates on firms’ location choices and on countries’ specialization patterns. In a two-country, two-differentiated-goods monetary model, demand, supply, and monetary (as well as exchange rate) shocks arise after wages are set and prices are optimally chosen.
openaire +3 more sources
Optimal Monetary Policy in a Dual Exchange Rate Regime [PDF]
Iranian Journal of Economic Studies, 2020 In this study, we design a structural macro model for Iran economy in which there is a dual exchange rate regime, namely, official (fixed) and unofficial (floated) rates. The official rate determined by the central bank whereas unofficial rate set in the
Abdulhamid Khosravi +3 more
doaj +1 more source