Dornbusch's overshooting model after twenty-five years / prepared by Kenneth Rogoff. [recurso electrónico]
Tipo de material:
TextoSeries IMF working paper ; no. WP/02/39Detalles de publicación: Washington, D.C. : International Monetary Fund, 2002Descripción: 1 recurso en línea (40 p.)Tema(s): Clasificación CDD: - 21 332.456
| Tipo de ítem | Biblioteca actual | Signatura topográfica | Estado | Fecha de vencimiento | Código de barras | |
|---|---|---|---|---|---|---|
Libro electrónico
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Biblioteca Manuel Belgrano | Recurso en línea (Navegar estantería(Abre debajo)) | Disponible |
Bibliografía: p. 38-40.
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.
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