Results 11 to 20 of about 25,501 (258)
Monetary and exchange rate regimes changes: The cases of Poland, Czech Republic, Slovakia and Republic of Serbia [PDF]
Panoeconomicus, 2009 The paper explores (former) transition economies, Poland, Czech Republic, Slovakia and the Republic of Serbia, concerning abandonment of the exchange rate targeting and fixed exchange rate regimes and movement toward explicit/implicit inflation targeting
Josifidis Kosta +2 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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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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THE INFLUENCE OF OIL PRICES ON INDONESIA’S EXCHANGE RATE
Buletin Ekonomi Moneter dan Perbankan, 2019 This study tests for a long-run relation between oil prices and the rupiah–US dollar exchange rate. We discover, first, that the long-run cointegration relation between oil prices and the real exchange rate (RER) is sensitive to different exchange rate ...
Seema Wati Narayan +2 more
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Choosing (and Reneging on) Exchange Rate Regimes [PDF]
SSRN Electronic Journal, 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 often.
Alesina, Alberto, Wagner, Alexander F
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Energies, 2020 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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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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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.
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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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Financial Fragility and the Exchange Rate Regime [PDF]
Journal of Economic Theory, 1998 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Roberto Chang, Andres Velasco
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