EXCHANGE RATE REGIMES AND INFLATION –ONLY HARD PEGS MAKE A DIFFERENCE

Previous research has suggested that pegged exchange rates are associated withlower inflation than floating rates. In which direction does the causality run?Using data from a large sample of developing countries from 1984 to 2000, weconfirm that “hard” pegs (currency boards or a shared currency) reduce inflationand money growth...

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Year of publication:	2003-09-01
Authors:	Bleaney, Michael F. ; Manuel Francisco
Institutions:	University <Nottingham> / Department of Economics
Published in:	The University of Nottingham / School of Economics - discussion papers Discussion PaperNo. 03/15
Subject:	Wechselkurs \| Inflation \| Flexibler Wechselkurs \| Währung \| currency \| Geld \| money

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Extent:	353280 bytes 38 p. application/pdf
Type of publication:	Book / Working Paper
Language:	English
ISSN:	1360-2438
Classification:	F41 - Open Economy Macroeconomics ; Financial theory ; Empirical research. of corporate finance and investment policy ; Individual Reports, Studies ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005868816