On the endogeneity of exchange rate regimes

Author: ntzi

August undefined, 2024

Web10 de fev. de 2024 · A panel data analysis of nonlinear financial growth dynamics in a macroprudential policy regime was conducted on a panel of 10 African emerging countries from 1985–2024, where there had been a non-prudential regime from 1985–1999 and a prudential regime from 2000–2024. The paper explored the validity of the inverted U … Webendogeneity of the exchange rate regime, andthe sample selection problem . Empirical results demonstrate that exchange rate regime does make a difference for inflation performance. The findings indicate that transition countries with intermediate arrangements may achieve lower inflation if they were to adopt a fixed regime.

Exchange rate regime - Wikipedia

Web1 de out. de 2008 · Choosing an exchange rate regime is one of the most important decisions in macroeconomic policymaking. Some countries may peg their currency to gain credibility and control domestic inflation, while others may be more prone to float due to the larger incidence of real shocks. In spite of the abundant literature on the determinants of … http://www.economics-ejournal.org/dataset/PDFs/discussionpapers_2009-31.pdf impact of autism on education

On the Endogeneity of Exchange Rate Regimes Eduardo

WebThe evidence provides support for a number of the hypotheses considered. In this sense it confirms that monocausal explanations are unlikely to provide an adequate … Web1 de nov. de 2006 · Constructing a novel dataset of bilateral exchange rate regimes that differentiates by the degree of exchange rate flexibility, as well as by direct and indirect … WebThe 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 … impact of autism on local community

On Promoting Fiscal Discipline - World Bank

Mathematics Free Full-Text Tourism Employment and Economic …

Web"On the endogeneity of exchange rate regimes," UC3M Working papers. Economics we098374, Universidad Carlos III de Madrid. Departamento de Economía. Levy-Yeyati, Eduardo & Sturzenegger, Federico & Reggio, Iliana, 2006. "On the Endogeneity of Exchange Rate Regimes," Working Paper Series rwp06-047, Harvard University, John … impact of autism on societyWeb14 de jan. de 2014 · Abstract 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 … impact of backgrounding

"Web1 de jan. de 2006 · The literature on exchange rate regime choice has established several prominent stylised facts (Collins, 1996;Edwards, 1996;Rizzo, 1998;Alesina and Wagner, … " - On the endogeneity of exchange rate regimes

On the endogeneity of exchange rate regimes

WebThe 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 enhancers in politically … WebOnce the exchange rate depreciated and the derivatives strategy failed, the company was exposed for US$7.6 billion; in fact, total debt went from representing 3.7 times to 6.7 times EBITDA during the increase in the value of foreign …

Did you know?

WebThe literature has identified at least five approaches to the determinants of the choice of exchange rate regimes: i) optimal currency area theory; ii) exchange rate policy and … WebThe literature has identified at least five group of explanations to account for the way exchange rate regimes are chosen: i) optimal currency area theory; ii) exchange rates …

Web1 de mai. de 1996 · First, similar to EMP indices, there are measures of exchange rate flexibility. For example, based on the work of Glick, Kretzmer, and Wihlborg (1995), Glick and Wihlborg (1997), Bayoumi and ... WebThe 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 …

Web1 de out. de 2024 · This paper examines the influence of government ideology, political institutions and globalization on the choice of exchange rate regime via panel multinomial logit approach using annual data over ... WebThe underlying assumption in most studies is that exchange rate regimes are randomly assigned and, hence, exogenous to the outcome variable under study. Standard endogeneity problems, however, can hide the true e ﬀect of exchange rate regimes in simple OLS estimates. For example, the choice of exchange rate regimes might re …

WebAbstract: 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 …

WebThe 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 … impact of autism on the individualWeb23 de fev. de 2024 · The manuscript reports on findings on the interconnection between tourism employment and economic growth for the selected OECD member states. The dynamic panel threshold regression method was used to analyze the data, where the threshold variable was tourism employment, and the growth of gross national income … impact of autism on daily lifeWebIn this sense it confirms that monocausal explanations are unlikely to provide an adequate account of the endogeneity of exchange rate regimes. Suggested Citation. … impact of azusa street revivalWebseen as evidence in favour of the endogeneity hypothesis of optimum currency areas (OCAs). According to this hypothesis, the criteria stressed by the traditional OCA theory are endogenous, rather than exogenous to the exchange rate arrangement (Frankel and Rose 1998). Thus, supporters of the endogeneity hypothesis argue that countries considering lists vs libraries in sharepointWeb5 de jul. de 2012 · Abstract 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 … impact of bacon\u0027s rebellion on coloniesWeb1 de mai. de 2008 · The choice of exchange rate regime has become one of the most important issues one more time in many economies after the financial crises in recent years. In the wake of the financial crises, many countries, especially emerging market economies, opted for floating exchange rate regimes by forsaking the pegged regimes. … impact of bad hiresWebEconomic theory does not noticeably articulate how the exchange-rate regime and particularly the exchange-rate peg affects growth. Instead, arguments typically focus on its impact on investment and international trade (primarily exports). However, Levy-Yeyati and Sturzenegger (2002) comprehensively treat how exchange-rate regime impinges on … impact of autism spectrum disorder