Uctum, Merih; Kato, Isamu - Econometric Society - 2004
Since the collapse of the Bretton Woods system in the early 1970s, the choice of the exchange rate regime has been the … subject of a lively debate in international finance. In this study, we investigate the determinants of three exchange rate …, and examine when each model explains the choice of exchange rate regimes better. Our approach provides a rich framework …