Classifying exchange rate regimes: deeds vs. words

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Most of the empirical literature on the relative merits of alternative exchange rate regimes uses the IMF de jure classification based on the regime that governments claim to have, abstracting from the fact that many countries that in theory follow flexible regimes intervene in the exchange market t...

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Detalles Bibliográficos
Autores principales:	Levy Yeyati, Eduardo, Sturzenegger, Federico
Formato:	Objeto de conferencia
Lenguaje:	Español
Publicado:	2000
Materias:	Ciencias Económicas tipo de cambio dinero economía monetaria
Acceso en línea:	http://sedici.unlp.edu.ar/handle/10915/33939 http://www.depeco.econo.unlp.edu.ar/jemi/2000/trabajo5.pdf
Aporte de:	SEDICI (UNLP) de Universidad Nacional de La Plata

id	I19-R120-10915-33939
record_format	dspace
institution	Universidad Nacional de La Plata
institution_str	I-19
repository_str	R-120
collection	SEDICI (UNLP)
language	Español
topic	Ciencias Económicas tipo de cambio dinero economía monetaria
spellingShingle	Ciencias Económicas tipo de cambio dinero economía monetaria Levy Yeyati, Eduardo Sturzenegger, Federico Classifying exchange rate regimes: deeds vs. words
topic_facet	Ciencias Económicas tipo de cambio dinero economía monetaria
description	Most of the empirical literature on the relative merits of alternative exchange rate regimes uses the IMF de jure classification based on the regime that governments claim to have, abstracting from the fact that many countries that in theory follow flexible regimes intervene in the exchange market to an extent that in practice makes them indistinguishable from fixed rate regimes, and vice versa. To address this problem, in this paper we construct a de facto classification of exchange rate regimes. Using cluster analysis techniques, we group different regimes according to their behavior along three classification dimensions: the nominal exchange rate, changes in the nominal exchange rate, and international reserves. We compare our results with the IMF classification, and discuss the main discrepancies.
format	Objeto de conferencia Objeto de conferencia
author	Levy Yeyati, Eduardo Sturzenegger, Federico
author_facet	Levy Yeyati, Eduardo Sturzenegger, Federico
author_sort	Levy Yeyati, Eduardo
title	Classifying exchange rate regimes: deeds vs. words
title_short	Classifying exchange rate regimes: deeds vs. words
title_full	Classifying exchange rate regimes: deeds vs. words
title_fullStr	Classifying exchange rate regimes: deeds vs. words
title_full_unstemmed	Classifying exchange rate regimes: deeds vs. words
title_sort	classifying exchange rate regimes: deeds vs. words
publishDate	2000
url	http://sedici.unlp.edu.ar/handle/10915/33939 http://www.depeco.econo.unlp.edu.ar/jemi/2000/trabajo5.pdf
work_keys_str_mv	AT levyyeyatieduardo classifyingexchangerateregimesdeedsvswords AT sturzeneggerfederico classifyingexchangerateregimesdeedsvswords
bdutipo_str	Repositorios
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Classifying exchange rate regimes: deeds vs. words

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