also look at the impact of mistakes in exchange rate regime choice on actual (nominal) exchange rate volatility. Countries … higher exchange rate volatility than other countries having a fixed exchange rate regime. We also investigate the role of …

look at the impact of "mistakes" in exchange rate regime choice on actual (nominal) exchange rate volatility. Countries … exchange rate volatility than other countries having a fixed exchange rate regime. We also investigate the role of such …

benefits of a commitment to a peg, domestic and foreign inflation (aversion), as well as business cycle volatility and …

different methods to study the credibility of the detected fluctuation bands. The detected lack of credibility in a high … percentage of the sample is robust to the use of several credibility tests, suggesting that economic agents do not behave as if …

empirical fact that of the statistical properties of most macroeconomic variables, only the volatility of the real and nominal …