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Recent scholarship on exchange rate regime choice seeks to explain why some countries fix their exchange rate to an anchor currency, but it neglects the question to which currency countries peg. This article posits that an understanding of the choice of anchor currency also improves political...
Persistent link: https://www.econbiz.de/10009439682
The recent surge in studies analysing spatial dependence in political science has gone hand-in-hand with increased attention paid to the choice of estimation technique. In comparison, specification choice has been relatively neglected, even though it leads to equally, if not more, serious...
Persistent link: https://www.econbiz.de/10009440212
The rapid increase in the number of open developing countries has recently caused a proliferation of arguments concerning the determinants of foreign economic liberalization. In this emerging debate, explanations stressing the importance of economic crises, interest-group competition,...
Persistent link: https://www.econbiz.de/10015254259
The article provides a theoretical framework of international unions in the form of two two-stage games with discounting and one simultaneous game aimed at generating insights into the conflict between widening and deepening in the integration process. Each country (player) has a preference for...
Persistent link: https://www.econbiz.de/10015254267