Reinhart, Carmen (2002): A Modern History of Exchange Rate Arrangements: Chartbook, 1946-2001.
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This is the chartbook of individual country exchange rate histories and their experience with parallel markets, 1946-2001 that accompanies "The Modern History of Exchange Rate Arrangements: A Reinterpretation." We develop a novel system of reclassifying historical exchange rate regimes. One key difference between our study and previous classifications is that we employ monthly data on market-determined parallel exchange rates going back to 1946 for 153 countries. Our approach differs from the IMF official classification (which we show to be only a little better than random), it also differs radically from all previous attempts at historical reclassification. Our classification points to a rethinking of economic performance under alternative exchange rate regimes. Indeed, the breakup of Bretton Woods had less impact on exchange rate regimes than is popularly believed.
|Item Type:||MPRA Paper|
|Original Title:||A Modern History of Exchange Rate Arrangements: Chartbook, 1946-2001|
|English Title:||A Modern History of Exchange Rate Arrangements: Chartbook, 1946-2001|
|Keywords:||Exchange rate, crises, capital controls, pegs, history, inflation|
|Subjects:||F - International Economics > F3 - International Finance > F31 - Foreign Exchange
F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions
|Depositing User:||Carmen Reinhart|
|Date Deposited:||06. Feb 2009 06:27|
|Last Modified:||16. Feb 2013 06:47|
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