The choice of exchange rate regimes in developing countries: A mulitnominal panal analysis

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.

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Year of publication:	2004
Authors:	von Hagen, Jürgen ; Zhou, Jizhong
Institutions:	Zentrum für Europäische Integrationsforschung (ZEI), Rheinische Friedrich-Wilhelms-Universität Bonn
Subject:	exchange rate regimes \| developing country \| multinomial logit model \| static and dynamic panel \| simulation

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Extent:	application/pdf
Series:	ZEI Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number B 32-2004
Classification:	F33 - International Monetary Arrangements and Institutions ; F41 - Open Economy Macroeconomics ; C25 - Discrete Regression and Qualitative Choice Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008614802