Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 1 of 1.

  1. When countries do not do what they say
    systematic discrepancies between exchange rate regime announcements and de facto policies
    Author: Bersch, Julia; Klüh, Ulrich
    Published: 2007
    Publisher:  Univ., Volkswirtschaftl. Fak., München

    We study the apparent disconnect between what countries announce to be their exchange rate regime and what they de facto implement. Even though discrepancies between announcements and de facto polices are frequent, there is a lack of understanding of... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 483 (2007,38)
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan

     

    We study the apparent disconnect between what countries announce to be their exchange rate regime and what they de facto implement. Even though discrepancies between announcements and de facto polices are frequent, there is a lack of understanding of actual patterns and underlying reasons. We contribute to the literature by identifying a number of robust stylized facts by means of an in-depth analysis of a large cross-country dataset. A key insight is that countries that operate under intermediate de facto regimes tend to announce fixed or flexible exchange rate regimes. The exact nature of deviations is related to country characteristics such as trade structure, financial development, and financial openness. Furthermore, regime discrepancies have followed secular trends, which are most likely related to financial globalization and changes in monetary policy design.

     
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/104226
    Series: Münchener wirtschaftswissenschaftliche Beiträge ; 2007-38
    Subjects: Wechselkurspolitik; Wechselkurssystem; Politische Kommunikation; Außenwirtschaftspolitik; Geldpolitik; Globalisierung; Vergleich; Welt; Exchange rate regimes; de facto versus de jure; exchange rate policy
    Scope: Online-Ressource (57 S., 402 KB), graph. Darst.