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Capital controls and exchange rate regimes : an empirical investigation

Berger, Helge - 2001

It is often argued that deregulation of international transactions and its effects on the "globalization" of financial markets is behind the decline in the attractiveness of fixed exchange rate regimes. We argue that, instead, much of the recently observed decrease in the level of capital...

Persistent link: https://www.econbiz.de/10014460969

Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard

Mitchener, Kris James - 2010

We test whether fixed exchange rate regimes are ever credible in emerging markets by analyzing the behavior of short-term domestic trade bills across countries during the classical gold standard period, the most widely used hard peg in modern financial history. We exploit the fact that global...

Persistent link: https://www.econbiz.de/10013150729

Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard

Mitchener, Kris James - 2009

Persistent link: https://www.econbiz.de/10012463248

Fixed Exchange Rate Credibility with Heterogeneous Expectations

Carlson, John A.; Valev, Neven T. - 2006

proportion of sophisticated agents. Thus, the credibility of a fixed exchange rate regime grows over time partly because fewer …

Persistent link: https://www.econbiz.de/10014059017

Optimal monetary policy in an open emerging market economy

Iyer, Tara - 2016

The majority of households across emerging market economies are excluded from the financial markets and cannot smooth consumption. I analyze the implications of this for optimal monetary policy and the corresponding choice of domestic versus external nominal anchor in a small open economy...

Persistent link: https://www.econbiz.de/10011487396

Der Einsatz des Wechselkurses als nominaler Anker in den CEFTA-Staaten zwischen 1989/90 und 1997

Toren, Susanne - 1999

Persistent link: https://www.econbiz.de/10001409550

Essays on imperfect information, learning, and regime shifts : implications for monetary policy

Westelius, Niklas J. - 2002

Persistent link: https://www.econbiz.de/10003777550

Pegging the Exchange Rate to Gain Monetary Policy Credibility

Davis, Scott - 2017

Central banks that lack credibility often tie their exchange rate to that of a more credible partner in order to … “import” credibility. We show in a small open economy model that a central bank that displays “limited credibility” can … credibility will peg their currency to that of a more credible partner. As the central bank's credibility improves it will place …

Persistent link: https://www.econbiz.de/10012971241

Credible Monetary Policy When Output is Persistent : Exchange Rate and Nominal Income Targeting

Bae, Sang-Kun; Ratti, Ronald A. - 2004

Distortions introduced by targeting nominal income growth, or an exchange rate peg, in the trade-off between inflation and output in the stabilization of shocks to supply and terms of trade cannot be eliminated simultaneously. If supply shocks are optimally stabilized, targeting an exchange rate...

Persistent link: https://www.econbiz.de/10014074036

The precise form of financial integration : empirical evidence for selected Asian countries

Gan, Pei-Tha - In: Economic modelling 42 (2014), pp. 208-219

Persistent link: https://www.econbiz.de/10010478178

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