This paper investigates inconsistencies between countries' official exchange rate regime declarations (the so-called de … jure exchange rate regimes) and their actual policy (de facto exchange rate regimes). These exchange rate regime gaps … breaking commitment to their official exchange rate regime. At the same time, I also discover that the exchange rate regime …

Can fixed exchange rate regimes cause output divergence among member states? We show that such divergence is a long …

Understanding and predicting the evolution of exports after a change in the nominal exchange rate is of central … the movement in the exchange rate. Building on this insight, we develop a small-open-economy SVAR model to derive … structural shocks that affect the exchange rate. We then estimate this model using Canadian data and construct the response of …

specification of the demand for international reserves. It is shown that the optimal degree of exchange rate flexibility depends on …

developed for the analysis of exchange-rate questions and to relate it to the question of monetary policy. Part I concentrates … primarily deter-mined in asset markets with expectations playing a dominant role; (ii) the sharpest formulation of exchange-rate … precarious reed on which to hang short-term exchange-rate theory; (iv) the current account has just made it back as a determinant …