This paper examines the claim that exchange rate regimes are of little salience in the transmission of global financial conditions to domestic financial and macroeconomic conditions by focusing on a sample of about 40 emerging market countries over 1986-2013. Our findings show that exchange rate...

This paper examines the claim that exchange rate regimes are of little salience in thetransmission of global financial conditions to domestic financial and macroeconomicconditions by focusing on a sample of about 40 emerging market countries over 1986-2013.Our findings show that exchange rate...