The exchange rate regime does make a difference for inflation performance. It is difficult to infer its effect on growth, but policy variables - and other variables influencing economic activity - do have different effects on growth under different exchange-rate arrangements. To examine whether...

The exchange rate regime does make a difference for inflation performance. It is difficult to infer its effect on growth, but policy variables, and other variables influencing economic activity, do have different effects on growth under different exchange-rate arrangements

The authors investigate the links between banking crises, and exchange rate regimes, using a comprehensive data set that includes developed, and developing countries over the last two decades. In particular, they examine whether the choice of exchange rate regime affects the likelihood, cost,...

Pursuing a policy of exchange rate stability reduces the probability of banking crises, particularly in developing countries.Domaccedil; and Peria investigate the links between banking crises and exchange rate regimes, using a comprehensive data set that includes developed and developing...

Emerging market economies (EMEs) have experienced a noticeable decline in inflation since the mid-1990s. Whether this stable price environment in EMEs is likely to endure and what kind of policies need to be followed to ensure price stability, however, still continue to be questions of...