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The choice of the exchange rate regime (ERR) has direct implications on the evolution of key nominal variables (inflation, relative prices) and, as a result, on output growth and volatility, and income distribution. Moreover, it may affect many other fronts related to nominal issues such as trade (influenced by real exchange rate levels and exchange ...
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2002
Exchange rate regimes go from the perfectly rigid case (the gold standard) to the perfectly flexible case (the exchange rate fluctuates freely, with no intervention of the monetary authorities). This chapter examines both the two extremes and the intermediate cases, including those that have been suggested in the literature but not implemented in ...
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Exchange rate regimes go from the perfectly rigid case (the gold standard) to the perfectly flexible case (the exchange rate fluctuates freely, with no intervention of the monetary authorities). This chapter examines both the two extremes and the intermediate cases, including those that have been suggested in the literature but not implemented in ...
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Asia Pacific Business Review, 2016
Exchange rates in a modern economy represent the overall prices of its goods and assets relative to those of other countries.
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Exchange rates in a modern economy represent the overall prices of its goods and assets relative to those of other countries.
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Exchange rate regime and real exchange rate behavior [PDF]
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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Collapsing exchange rate regimes
Journal of Development Economics, 1987Abstract The paper develops models of speculative runs and collapse of fixed exchange rate regimes which result from credit policies that are ultimately inconsistent with a fixed exchange rate. While no substantially new results are offered, the formulation itself is of interest in highlighting the important ideas that have emerged in this area.
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Governance and economic growth: The role of the exchange rate regime
The International Economy, 2018Salma Hadj Fraj +2 more
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Austerity and recovery: Exchange rate regime choice, economic growth, and financial crises
, 2016Martin T. Bohl +2 more
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