How Do Countries Choose their Exchange Rate Regime? /

This paper investigates the determinants of exchange rate regime choice in 93 countries during 1990-98. Cross-country analysis of variations in international reserves and nominal exchange rates shows that (i) truly fixed pegs and independent floats differ significantly from other regimes and (ii) si...

ver descrição completa

Detalhes bibliográficos
Autor principal: Poirson, Helene
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2001.
Colecção:IMF Working Papers; Working Paper ; No. 2001/046
Acesso em linha:Full text available on IMF
LEADER 01737cas a2200241 a 4500
001 AALejournalIMF001389
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451846553 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Poirson, Helene. 
245 1 0 |a How Do Countries Choose their Exchange Rate Regime? /  |c Helene Poirson. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2001. 
300 |a 1 online resource (33 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 This paper investigates the determinants of exchange rate regime choice in 93 countries during 1990-98. Cross-country analysis of variations in international reserves and nominal exchange rates shows that (i) truly fixed pegs and independent floats differ significantly from other regimes and (ii) significant discrepancies exist between de jure and de facto flexibility. Regression results highlight the influence of political factors (political instability and government temptation to inflate), adequacy of reserves, dollarization (currency substitution), exchange rate risk exposure, and some traditional optimal currency area criteria, in particular capital mobility, on exchange rate regime selection. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/046 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2001/046/001.2001.issue-046-en.xml  |z IMF e-Library