Qureshi, Mahvash Saeed; Ghosh, Atish R.; Tsangarides, … - International Monetary Fund (IMF) - 2011
This paper revisits the link between the nominal exchange rate regime and inflation, based on a sample of 145 emerging … low inflation benefits associated with pegging the exchange rate. To test our hypothesis, we exploit a novel dataset of … both de jure and de facto exchange rate regime classifications. We find that pegged exchange rates are associated with …