Asici, Ahmet Atil; Ivanova, Nadezhda; Wyplosz, Charles - In: International Journal of Finance & Economics 13 (2008) 3, pp. 219-246
This paper improves upon the recently developed literature on exits from fixed exchange rate regimes in three ways: (1) It allows for two indicators for post-exit macroeconomic conditions, the change in the exchange rate and the change in the output gap; (2) it tests whether the distinction...