Classifying Exchange Rate Regimes: A Statistical Analysis of Alternative Methods
For developing countries, it is shown that different exchange rate classification schemes paint a very inconsistent picture. Disagreements between alternative schemes are as great as with the official scheme. Only the official scheme shows a trend towards floating.
Authors: | Bleaney, Michael ; Francisco, Manuela |
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Institutions: | Centre for Research in Economic Development and International Trade (CREDIT), School of Economics |
Subject: | Exchange rates | correlation | persistence |
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