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On the Endogeneity of Exchange Rate Regimes [PDF]
SSRN Electronic Journal, 2006 The literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the financial view, which highlights the consequences of international financial integration; and iii) the political view, which stresses the use of exchange rate anchors as credibility ...
Iliana Reggio +4 more
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Macroeconomic Performance in Different Exchange Rate Regimes: An Estimated DSGE Approach [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2016 Selection of exchange rate regime and its consequences, is one of the major issues in international finance. Dependence of Iran to oil export revenues gives an important role to exchange rate policy in the economy.
Hossein Tavakolian +1 more
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Exchange Rate Regime and Economic Growth in Asia: Convergence or Divergence
Journal of Risk and Financial Management, 2020 Exchange rates and exchange rate regimes in a constantly changing economy have always attracted much attention from scholars. However, there has not been a consensus on the effect of exchange rate on economic growth.
D. Ha, Nga Hoang
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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
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Ukrainian hryvnia under the floating exchange rate regime: diagnostics of the USD/UAH exchange rate dynamics [PDF]
Banks and Bank Systems, 2020 The study identifies the features of the USD/UAH exchange rate dynamics for the period from January 2014 to May 2020. The main purpose of the empirical analysis is to determine the current trend of the USD/UAH exchange rate (is it random or permanent ...
Anzhela Ignatyuk +3 more
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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
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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
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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
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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 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
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