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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Xehetasun bibliografikoak
Egile nagusia: Ostry, Jonathan
Beste egile batzuk: Ghosh, Atish, Gulde, Anne, Wolf, Holger
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 1995.
Saila:IMF Working Papers; Working Paper ; No. 1995/121
Sarrera elektronikoa:Full text available on IMF
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020 |z 9781451854329 
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100 1 |a Ostry, Jonathan. 
245 1 0 |a Does the Nominal Exchange Rate Regime Matter? /  |c Jonathan Ostry, Anne Gulde, Atish Ghosh, Holger Wolf. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1995. 
300 |a 1 online resource (43 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 growth (a discipline effect) and higher money demand growth (a credibility effect). Output growth does not vary significantly across regimes: Countries with pegged regimes invest more and are more open to international trade than those with flexible rates, but they experience lower residual productivity growth. Output and employment are more variable under pegged rates than under flexible rates. 
538 |a Mode of access: Internet 
700 1 |a Ghosh, Atish. 
700 1 |a Gulde, Anne. 
700 1 |a Wolf, Holger. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1995/121 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1995/121/001.1995.issue-121-en.xml  |z IMF e-Library