Does the Nominal Exchange Rate Regime Matter? /

The effect of the exchange rate regime on inflation and growth is examined. The 30-year data set includes over 100 countries and nine regime types. Pegged regimes are associated with lower inflation than intermediate or flexible regimes. This anti-inflationary benefit reflects lower money supply gro...

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Hlavní autor: Ostry, Jonathan
Další autoři: Ghosh, Atish, Gulde, Anne, Wolf, Holger
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1995.
Edice:IMF Working Papers; Working Paper ; No. 1995/121
On-line přístup:Full text available on IMF