Global trends in the choice of exchange rate regime

Bleaney, Michael and Tian, Mo and Yin, Lin (2016) Global trends in the choice of exchange rate regime. Open Economies Review, 27 (1). pp. 71-85. ISSN 1573-708X

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Abstract

The raw data suggest that the global trend towards greater exchange rate flexibility that was evident before 1990 has since stopped. An optimum currency area (OCA) model of exchange rate regime choice is estimated. Four different schemes for classifying exchange rate regime are investigated. Trends in the explanatory variables made little difference to the trend towards greater flexibility before 1990 but have worked against it since, largely because of the reduction in inflation. Underlying preferences are still shifting gradually in the direction of greater flexibility.

Item Type: Article
RIS ID: https://nottingham-repository.worktribe.com/output/978232
Additional Information: This is a post-peer-review, pre-copyedit version of an article published in Open Economies Review. The final authenticated version is available online at: http://dx.doi.org/10.1007/s11079-015-9375-7
Keywords: Exchange rate regimes; Inflation; Openness
Schools/Departments: University of Nottingham, UK > Faculty of Social Sciences > Nottingham University Business School
University of Nottingham, UK > Faculty of Social Sciences > School of Economics
Identification Number: https://doi.org/10.1007/s11079-015-9375-7
Depositing User: Eprints, Support
Date Deposited: 20 Jun 2018 11:11
Last Modified: 04 May 2020 20:03
URI: http://eprints.nottingham.ac.uk/id/eprint/52533

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