The choice of exchange rate regimes in developing countries: A multinormal panel | |
von Hagen, Juergen; Zhou, Jizhong | |
刊名 | JOURNAL OF INTERNATIONAL MONEY AND FINANCE |
2007-11 | |
卷号 | 26期号:7页码:1071-1094 |
关键词 | exchange rate regimes developing country multinomial logit model static and dynamic panel simulation |
ISSN号 | 0261-5606 |
DOI | 10.1016/j.jimonfin.2007.05.006 |
英文摘要 | This paper analyses the choices of exchange rate regimes in developing countries since 1980. Static and dynamic random-effects multinomial panel models are estimated using simulation-based techniques. Explanatory variables include OCA fundamentals, stabilization considerations, currency crises factors, and political and institutional features. The results reveal strong state dependence in regime choices. We also find evidence for non-monotonic relationship between regime determinants and the degree of regime flexibility. (c) 2007 Elsevier Ltd. All rights reserved. |
WOS研究方向 | Business & Economics |
语种 | 英语 |
出版者 | ELSEVIER SCI LTD |
WOS记录号 | WOS:000250186300001 |
内容类型 | 期刊论文 |
源URL | [http://10.2.47.112/handle/2XS4QKH4/2582] |
专题 | 上海财经大学 |
通讯作者 | von Hagen, Juergen |
作者单位 | 1.Univ Bonn, Indiana Univ, D-53113 Bonn, Germany; 2.CEPR, D-53113 Bonn, Germany; 3.Shanghai Univ Finance & Econ, Shanghai 200433, Peoples R China |
推荐引用方式 GB/T 7714 | von Hagen, Juergen,Zhou, Jizhong. The choice of exchange rate regimes in developing countries: A multinormal panel[J]. JOURNAL OF INTERNATIONAL MONEY AND FINANCE,2007,26(7):1071-1094. |
APA | von Hagen, Juergen,&Zhou, Jizhong.(2007).The choice of exchange rate regimes in developing countries: A multinormal panel.JOURNAL OF INTERNATIONAL MONEY AND FINANCE,26(7),1071-1094. |
MLA | von Hagen, Juergen,et al."The choice of exchange rate regimes in developing countries: A multinormal panel".JOURNAL OF INTERNATIONAL MONEY AND FINANCE 26.7(2007):1071-1094. |
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