Long-Run Determinants of Exchange Rate Regimes: A Simple Sensitivity Analysis

Author/Editor:

Paolo Mauro ; Grace Juhn

Publication Date:

June 1, 2002

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Many studies have attempted to uncover empirical regularities in how countries choose their exchange rate regimes. We survey previous studies showing that, taken as a whole, the literature is inconclusive. Drawing on a large dataset with many potential explanatory variables and a variety of exchange rate regime classifications, we test old and new theories and confirm that no robust empirical regularities emerge.

Series:

Working Paper No. 2002/104

Subject:

Balance of payments Capital controls Conventional peg Exchange rate arrangements Exchange rates Foreign exchange Inflation Prices

English

Publication Date:

June 1, 2002

ISBN/ISSN:

9781451852776/1018-5941

Stock No:

WPIEA1042002

Pages:

31

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