In official terms, European countries that are not in the EMU have been showing a polarization of monetary policy regimes in the last fifteen years: either Inflation Targeting or fixed exchange rates. I apply several methods recently developed by the literature to measure exchange rate...

Las monedas locales de los países en vías de desarrollo, además de no ser librementeconvertibles a nivel internacional, suelen experimentar niveles de inflación superiores ymás volátiles, al tiempo que tienden a sufrir periodos de fuerte apreciación y depreciación.Estas bien conocidas...

This paper investigates the role of a free press and the circulation of information on the capacity of a country to declare an exchange regime that differs from the regime it implements de facto. We report consistent evidence that greater press freedom and easier access to information result in...

This paper investigates the role of a free press and the circulation of information on the capacity of a country to declare an exchange regime that differs from the regime it implements de facto. We report consistent evidence that greater press freedom and easier access to information result in...