To float or to trail: evidence on the impact of exchange rate regimes

We study the relationship between exchange rate regimes and economic growth for a sample of 154 countries over the post-Bretton Woods period (1974-1999), using a new de facto classification of regimes based on the actual behavior of the relevant macroeconomic variables. In contrast with previous stu...

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Detalles Bibliográficos
Autores principales: Levy Yeyati, Eduardo, Sturzenegger, Federico
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2001
Materias:
Ciencias Económicas
economía internacional
tipo de cambio
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/3778
http://www.depeco.econo.unlp.edu.ar/jemi/2001/trabajo12.pdf
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-3778
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
economía internacional
tipo de cambio
spellingShingle Ciencias Económicas
economía internacional
tipo de cambio
Levy Yeyati, Eduardo
Sturzenegger, Federico
To float or to trail: evidence on the impact of exchange rate regimes
topic_facet Ciencias Económicas
economía internacional
tipo de cambio
description We study the relationship between exchange rate regimes and economic growth for a sample of 154 countries over the post-Bretton Woods period (1974-1999), using a new de facto classification of regimes based on the actual behavior of the relevant macroeconomic variables. In contrast with previous studies, we find that, for developing countries, less flexible exchange rate regimes are strongly associated with slower growth, as well as with greater output volatility. For industrial countries, on the contrary, regimes do not appear to have any significant impact on growth. The results are robust to endogeneity corrections and a number of alternative specifications borrowed from the growth literature.
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 To float or to trail: evidence on the impact of exchange rate regimes
title_short To float or to trail: evidence on the impact of exchange rate regimes
title_full To float or to trail: evidence on the impact of exchange rate regimes
title_fullStr To float or to trail: evidence on the impact of exchange rate regimes
title_full_unstemmed To float or to trail: evidence on the impact of exchange rate regimes
title_sort to float or to trail: evidence on the impact of exchange rate regimes
publishDate 2001
url http://sedici.unlp.edu.ar/handle/10915/3778
http://www.depeco.econo.unlp.edu.ar/jemi/2001/trabajo12.pdf
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AT sturzeneggerfederico tofloatortotrailevidenceontheimpactofexchangerateregimes
bdutipo_str Repositorios
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