On the endogeneity of exchange rate regimes

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August undefined, 2024

WebOn the Endogeneity of Exchange Rate Regimes Eduardo Levy-Yeyati, Federico Sturzenegger, and Iliana Reggio⊗ ABSTRACT The literature has identified at least five … WebThe literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the financial view, which …

[PDF] Choosing an Exchange Rate Regime Semantic Scholar

Web1 de out. de 2008 · Choosing an exchange rate regime is one of the most important decisions in macroeconomic policymaking. Some countries may peg their currency to gain credibility and control domestic inflation, while others may be more prone to float due to the larger incidence of real shocks. In spite of the abundant literature on the determinants of … portland cement osha

The Empirics of International Monetary Transmission: Exchange Rate ...

WebDownloadable! The literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the financial … http://www.economics-ejournal.org/dataset/PDFs/discussionpapers_2009-31.pdf Webendogeneity of the exchange rate regime, andthe sample selection problem . Empirical results demonstrate that exchange rate regime does make a difference for inflation performance. The findings indicate that transition countries with intermediate arrangements may achieve lower inflation if they were to adopt a fixed regime. optical thirty 8 mississauga

Hind Lebdaoui, Ph.D - Finance & Economics professor - Al …

Monetary Independence in Emerging Markets: Does the Exchange Rate …

Web22 de out. de 2014 · We show that regime choices, as well as deviations between actual and reported policies, can be accurately predicted by a small number of economic and political characteristics of each country. When regimes are correctly characterized, they display no time trend, suggesting that the trends typically highlighted in the exchange … WebThe former is related to exchange rate volatility, currency regimes and internal hedging, whereas the latter is related to the political regime in question. We consider 26 countries, most of them small, with poorly-developed financial markets, ... We also control for the endogeneity of the agreements and test for selfselection portland cement mix ratio for concreteWebexchange rate regime (de facto or de jure), the problem of endogeneity of exchange rate regime and more importantly, most studies are based on cross-country cases that may not account for underlying country specific factors. The problem of endogeneity of the exchange rate regime points to a possibility of two-way causality between inflation and portland cement paper mache

"WebEconomic theory does not noticeably articulate how the exchange-rate regime and particularly the exchange-rate peg affects growth. Instead, arguments typically focus on its impact on investment and international trade (primarily exports). However, Levy-Yeyati and Sturzenegger (2002) comprehensively treat how exchange-rate regime impinges on … " - On the endogeneity of exchange rate regimes

On the endogeneity of exchange rate regimes

Does the Exchange Rate Regime affect Macroeconomic …

WebIn case of Vietnam, although the sign and size stay the same, government spending is not statistically significant. Also, results indicate that exchange rates do have an impact on inflation for India and Indonesia, all other things being equal. Meanwhile, exchange rates do not seem to statistically influence inflation in Vietnam. Table 5. Web23 de fev. de 2024 · The manuscript reports on findings on the interconnection between tourism employment and economic growth for the selected OECD member states. The dynamic panel threshold regression method was used to analyze the data, where the threshold variable was tourism employment, and the growth of gross national income …

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WebThe Endogeneity of Exchange-Rate Regimes" In Understanding Interdependence: The Macroeconomics of the Open Economy edited by Peter B. Kenen, 3-33. Princeton: … Web21 de mai. de 2005 · The literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the …

WebThe evidence provides support for a number of the hypotheses considered. In this sense it confirms that monocausal explanations are unlikely to provide an adequate … WebExternal balances, exchange rate misalignment & exchange rate regimes in developing countries Equilibres externes, compétitivité et processus de transformation structurelle de l’économie Marocaine, OCP ... this research employs the generalized method of moments to cope with the endogeneity problem, ...

WebThe literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the financial view, which … WebAbstract: The literature has identified three main approaches to account for the way exchange rate regimes are chosen: (i) the optimal currency area theory; (ii) the financial …

WebOnce the exchange rate depreciated and the derivatives strategy failed, the company was exposed for US$7.6 billion; in fact, total debt went from representing 3.7 times to 6.7 times EBITDA during the increase in the value of foreign …

Web1 de mai. de 1996 · First, similar to EMP indices, there are measures of exchange rate flexibility. For example, based on the work of Glick, Kretzmer, and Wihlborg (1995), Glick and Wihlborg (1997), Bayoumi and ... optical thirty eight torontoWebHá 1 dia · The exchange rate regime and capital account policy are significantly related to the degree of persistence and the magnitude of RER misalignment. Rodriguez (2016) ... We recognize the possibility of endogeneity and that changes in some of our explanatory variables might have lagged or non-contemporaneous effects on RER undervaluation. portland cement mixing calculatorWebhave been little influenced by the frequent twist and turns in the exchange rate regime debate. JEL classification: F30; F33 Keywords: exchange rates, growth, impossible trinity, dollarization, capital flows * Eduardo Levy Yeyati is with the Business School of Universidad Torcuato Di Tella, Federico Sturzenegger is portland cement mortar typesWebThe underlying assumption in most studies is that exchange rate regimes are randomly assigned and, hence, exogenous to the outcome variable under study. Standard endogeneity problems, however, can hide the true e ﬀect of exchange rate regimes in simple OLS estimates. For example, the choice of exchange rate regimes might re … optical thirty eightWebIn this sense it confirms that monocausal explanations are unlikely to provide an adequate account of the endogeneity of exchange rate regimes. Suggested Citation. … optical throughputWebDownloadable! In contrast to the widely recognized importance of exchange rate regimes, evidence on their effect on business cycle synchronization focuses almost exclusively on the role of currency unions, thus implicitly ignoring potential effect of other exchange rate regimes. In this paper we use a new dataset on bilateral de-facto exchange rate … portland cement manufacturing plantsWebThe literature has identified at least five approaches to the determinants of the choice of exchange rate regimes: i) optimal currency area theory; ii) exchange rate policy and … optical tilt sensor