On the endogeneity of exchange rate regimes
WebHá 1 dia · The exchange rate regime and capital account policy are significantly related to the degree of persistence and the magnitude of RER misalignment. Rodriguez (2016) ... We recognize the possibility of endogeneity and that changes in some of our explanatory variables might have lagged or non-contemporaneous effects on RER undervaluation. WebThe literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the financial view, which …
On the endogeneity of exchange rate regimes
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WebIn case of Vietnam, although the sign and size stay the same, government spending is not statistically significant. Also, results indicate that exchange rates do have an impact on inflation for India and Indonesia, all other things being equal. Meanwhile, exchange rates do not seem to statistically influence inflation in Vietnam. Table 5. WebThe literature has identified at least five approaches to the determinants of the choice of exchange rate regimes: i) optimal currency area theory; ii) exchange rate policy and …
WebExternal balances, exchange rate misalignment & exchange rate regimes in developing countries Equilibres externes, compétitivité et processus de transformation structurelle de l’économie Marocaine, OCP ... this research employs the generalized method of moments to cope with the endogeneity problem, ... WebDownloadable! The literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the financial …
WebThe underlying assumption in most studies is that exchange rate regimes are randomly assigned and, hence, exogenous to the outcome variable under study. Standard endogeneity problems, however, can hide the true e ffect of exchange rate regimes in simple OLS estimates. For example, the choice of exchange rate regimes might re … Web25 de jun. de 2013 · To examine whether a country’s exchange rate regime has any impact on inflation and growth performance in transition economies, Domaç, Peters, and Yuzefovich develop an empirical framework that addresses some of the main problems plaguing empirical work in this strand of the literature: the Lucas critique, the …
WebThe literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the financial view, which …
Webthis strand of the literature, namely the Lucas critique, endogeneity of the exchange rate regime, 3 Calvo (1999) and Calvo and Reinhart (2000a, 2000b) 4 See, for instance, Ghosh et al (1997), Baxter and Stockman (1989), and Edwards and Savastano (1999) for a … dymocks hay streetWeb1 de jul. de 2010 · Our exploration of the determinants of exchange rate regimes is centered on three main approaches that have long been part of the open economy … crystal small vases for wedding centerpiecesWeb2 de abr. de 2024 · The first research frontier is to apply creative methods to unpack questions of endogeneity in the macro-political processes outlined above. For example, effective public goods provision by the state is demanded by nationalist doctrine but on the other hand also increases the chances that the population will find a nationalist ideology … crystals maltaWebexchange rate regimes has also been underscored in Frankel et al., 2000). Second, and more important, it nests the main theoretical views on the determinants of exchange … crystals mall las vegasWeb1 de jan. de 2006 · The literature on exchange rate regime choice has established several prominent stylised facts (Collins, 1996;Edwards, 1996;Rizzo, 1998;Alesina and Wagner, … dymocks hoursWeb14 de jan. de 2014 · Abstract The literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) … crystals mall mapWebThe evidence provides support for a number of the hypotheses considered. In this sense it confirms that monocausal explanations are unlikely to provide an adequate … dymocks indooroopilly