An Analysis of Exchange Rate Regime Duration

Hossain, Monzur (2010): An Analysis of Exchange Rate Regime Duration. Unpublished.

Abstract

The analysis of mean duration of exchange rate regime reveals that overall durability of regimes has been declining since the 1970s. The durability of intermediate regimes has decreased to the lowest in the 1990s than those in the 1970s and 1980s, which provides a basis for the hollowing out hypothesis. The changing pattern of regime distribution might be associated with the changing pattern of developmental stage.

• Item Type: MPRA Paper
• Language: English
• Keywords: Exchange rate regime duration, developmental stage
• Subjects: F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions

References

Eichengreen, Barry. 1994. “International Monetary Arrangements for the 21st Century”, Brookings Institution, Washington DC.

Hossain, Monzur. 2009. “Institutional Development and the Choice of Exchange Rate Regime: A Cross country Analysis”, Journal of the Japanese and International Economies, Vol. 23, 1, March

Husain, Aasim M., Ashoka Mody and Kenneth S. Rogoff. 2005. “Exchange Rate Regime Durability and Performance in Developing Versus Advanced Economies”, Journal of Monetary Economics, Vol. 52, 1, January.

Levy Yeyati, Eduardo and Federico Sturzenegger. 2005. Exchange Rate Regime Classifications, Universidad Torcuato di Tella. available via the internet at: www.utdt.edu/~fsturzen.

Masson, Paul. 2001. “Exchange Rate Regime Transitions”, Journal of Development Economics, Vol. 64, 571-586.

Reinhart, Carmen M. and Kenneth Rogoff. 2004. “The Modern History of Exchange Rate Arrangements: A Reinterpretation”, Quarterly Journal of Economics, Vol. 119, 1, February.

Summers, Lawrence H. 2000. “International Financial Crises: Causes, Prevention and Cures”, American Economic Review, Papers and Proceedings, Vol. 90, No. 2, pp. 1-16.