Chong, Terence Tai Leung; He, Qing; Chan, Wing Hong - Volkswirtschaftliche Fakultät, … - 2014
This paper examines the determinants of exchange rate regime of a country. A competing risks model (CRM) is estimated. It is found that the way a country exits a fixed exchange rate regime is affected nonlinearly by the duration of the peg. In addition, countries with a lower growth rate of...