The effects of exchange rate regimes on real exchange rate misalignment

The literature on exchange rate regimes has paid little attention to the effects of exchange rate policies on real exchange rate misalignments. This paper contributes to filling that gap by exploring such relation empirically. Because the underlying model is probably not linear and the treated indiv...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autor principal: Libman, Emiliano
Formato: Artículo
Lenguaje:en_US
Publicado: 2019
Materias:
TASA DE CAMBIO
Economia
Acceso en línea:http://repositorio.cedes.org/handle/123456789/4496
https://doi.org/10.1080/02692171.2017.1331205
Aporte de:
Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad de Centro de Estudios de Estado y Sociedad (CEDES)
id I61-R167123456789-4496
record_format dspace
institution Centro de Estudios de Estado y Sociedad (CEDES)
institution_str I-61
repository_str R-167
collection Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad
language en_US
orig_language_str_mv en_US
topic TASA DE CAMBIO
Economia
spellingShingle TASA DE CAMBIO
Economia
Libman, Emiliano
The effects of exchange rate regimes on real exchange rate misalignment
topic_facet TASA DE CAMBIO
Economia
description The literature on exchange rate regimes has paid little attention to the effects of exchange rate policies on real exchange rate misalignments. This paper contributes to filling that gap by exploring such relation empirically. Because the underlying model is probably not linear and the treated individuals differ from non-treated individuals, we rely on Matching models rather than on standard regressions. Our main finding is that pegs are associated with more overvaluation. The results are robust to different exchange rate regime classifications, misalignment indexes, and matching estimators. The evidence presented suggests that policy-makers concerned with overvaluation should avoid sticking with rigid arrangements for too long.
format Artículo
author Libman, Emiliano
author_facet Libman, Emiliano
author_sort Libman, Emiliano
title The effects of exchange rate regimes on real exchange rate misalignment
title_short The effects of exchange rate regimes on real exchange rate misalignment
title_full The effects of exchange rate regimes on real exchange rate misalignment
title_fullStr The effects of exchange rate regimes on real exchange rate misalignment
title_full_unstemmed The effects of exchange rate regimes on real exchange rate misalignment
title_sort effects of exchange rate regimes on real exchange rate misalignment
publishDate 2019
url http://repositorio.cedes.org/handle/123456789/4496
https://doi.org/10.1080/02692171.2017.1331205
work_keys_str_mv AT libmanemiliano theeffectsofexchangerateregimesonrealexchangeratemisalignment
AT libmanemiliano effectsofexchangerateregimesonrealexchangeratemisalignment
bdutipo_str Repositorios
_version_ 1764820545201766402

Ejemplares similares