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Searching for an Appropriate Exchange Rate Regime
This paper attempts to survey current debates on the choice of exchange rate regime in emerging market economies. The issue of choosing an appropriate exchange rate regime is being actively discussed since the recent Asian crisis.
Yunjong Wang , Doo Yong Yang
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Impact Export Diversification on Exchange Rate Regime Choice
The choice of exchange rate regime is the most relevant decision in the economic world that must be faced by the economic authority until now. Exchange rate regime that is applied by one country become a controversial debate after the Asia’s crisis in ...
Eka Putri Mayangsari +1 more
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Regime-dependent drivers of the EUR/CHF exchange rate
We analyze drivers of the EUR/CHF exchange rate in different regimes between 2000 and 2020. Structural breaks between these subperiods are estimated in an integrated way together with the drivers that are relevant during these subperiods.
Piotr Kotlarz +2 more
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Exchange Rate Regime Transitions
Abstract The “hollowing-out”, or “two poles” hypothesis is tested in the context of a Markov chain model of exchange rate transitions. In particular, two versions of the hypothesis—that hard pegs are an absorbing state, or that fixes and floats form a closed set, with no transitions to intermediate regimes—are tested using two alternative ...
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REAL EXCHANGE RATE VARIABILITY AND THE CHOICE OF EXCHANGE RATE REGIME IN IRAN [PDF]
Journal: IRANIAN ECONOMIC RESEARCH Summer 2003 , Volume 5 , Number 15; Page(s) 121 To 141. Paper: REAL EXCHANGE RATE VARIABILITY AND THE CHOICE OF EXCHANGE RATE REGIME IN IRAN Author(s): JABAL AMELI FARKHONDEH*, BARADARAN SHORAKA H ...
Farkhondeh Jabal Ameli +1 more
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Can gold effectively hedge risks of exchange rate?
This study tests whether gold can effectively hedge exchange rate risks. We take into account the asymmetric characteristic of exchange rate fluctuations and use the dynamic panel threshold model in order to select gold prices in major gold-related ...
Kuan-Min Wang
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We examined the effects of oil prices along with fundamental economic variables on exchange rate movements in the Korean and Japanese foreign exchange markets, using two-regime Markov Regime Switching Models (MRSMs) over the period from January 1991 to ...
Suyi Kim, So-Yeun Kim, Kyungmee Choi
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Inspecting Monetary Policy Rules in a Small Open Economy with Financial Frictions
In this paper, we address how the monetary authority should react to financial market status and exchange rates movements in a small open economy New Keynesian model with financial frictions due to asymmetric information between savers and borrowers.
Yongseung Jung
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Analyzing Exchange Market Pressure Dynamics with Markov Regime Switching: The Case of Turkey
This study analyzes the dynamics of exchange market pressure in Turkey by employing the Markov regime switching model for the period from January 2006 to December 2019.
Ali İlhan +2 more
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Fixed Exchange Rate Regime or Floating Exchange Rate Regime?
论文介绍了IMF对汇率制度的分类,然后从可信度、平稳性、灵活性、货币政策独立性、金融危机等五个方面比较汇率制度的两极:固定汇率制度和浮动汇率制度的优点和缺点。我们发现没有一种汇率制度在所有时期适合所有国家,汇率制度的选择依赖于一国的具体条件。 In this paper, after introduce the classification of exchange rate regime by IMF, I compare the pros and cons of the two bipolar regimes: Fixed exchange rate regime and floating exchange rate regime in the aspect of reliability ...
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