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
Publisher:	Bonn : Rheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI)
Subject:	Wechselkurssystem \| Wechselkurspolitik \| Schätzung \| Entwicklungsländer \| exchange rate regimes \| developing country \| multinomial logit model \| static and dynamic panel \| simulation

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Series:	ZEI Working Paper ; B 32-2004
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	512925755 [GVK] hdl:10419/39565 [Handle] RePEc:zbw:zeiwps:B322004 [RePEc]
Classification:	F33 - International Monetary Arrangements and Institutions ; F41 - Open Economy Macroeconomics ; C25 - Discrete Regression and Qualitative Choice Models
Source:	EconStor

Persistent link: https://www.econbiz.de/10010301232