agreement about the appropriate role of the exchange rate.The exchange rate is a more important monetary policy tool for …-targeting emerging economies generally have less flexible exchange rate arrangements and intervene more frequently in the foreign … exchange market than their advanced economy counterparts. The enhanced role of the exchange rate reflects these economies …

-American countries, I investigate how the choice of exchange rate regime affects firms' foreign currency borrowing decisions and the … associated currency mismatches in their balance sheets. I find that after countries switch from pegged to floating exchange rate … in foreign currency and export revenues--effectively reducing their vulnerability to exchange rate shocks. More broadly …

assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate … exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment … and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation …

After the introduction of an exchange rate commitment and an immediate 7% depreciation of the Czech koruna of in 2013 … surprising. The exchange rate passthrough to prices had been rather low and gradually decreasing since the early 2000s …, suggesting limited potential effects of the exchange rate commitment on inflation. On the other hand, the pass-through to output …

exchange rate regimes; implications of exchange rate regime choice for interaction with the rest of the system (external …

This paper revisits the bipolar prescription for exchange rate regime choice and asks two questions: are the poles of …

We study a wide range of hybrid inflation-targeting (IT) and managed exchange rate regimes, analyzing their … implications for inflation, output and the exchange rate in the presence of various domestic and external shocks. To this end, we … effects in the financial sector. We find that there can be advantages to combining IT with some degree of exchange rate …