Dubas, Justin M.; Lee, Byung-Joo; Mark, Nelson C. - In: Journal of International Money and Finance 29 (2010) 7, pp. 1438-1462
We model a country's de jure exchange rate policy as the choice from a multinomial logit response conditioned on the volatility of its bilateral exchange rate, the volatility of its international reserves, and the volatility of its effective exchange rate. The category with the highest...