Open Access BASE2004
The choice of exchange rate regimes in developing countries: A mulitnominal panal analysis
Abstract
This paper analyses the choices of exchange rate regimes in developing countries since 1980. Static and dynamic random-effects multinominal panel models are estimated using simulation-based techniques. Explanatory variables include OCA fundamentals, stabilization considerations, currency crises factors, and political and institutional features. The results reveal strong state dependence in regime choices.
Themen
Sprachen
Englisch
Verlag
Bonn: Rheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI)
Problem melden