Language:

To Float or to Fix: Evidence on the Impact of Exchange Rate Regimes on Growth

The American economic review, 2003-09, Vol.93 (4), p.1173-1193 [Peer Reviewed Journal]

Copyright 2003 American Economic Association ;Copyright American Economic Association Sep 2003 ;ISSN: 0002-8282 ;EISSN: 1944-7981 ;DOI: 10.1257/000282803769206250 ;CODEN: AENRAA

Full text available

Citations Cited by

Actions
1. Add to My Research
2. Remove from My Research
3. E-mail
4. Print
5. Permalink
6. Citation
7. EasyBib
8. EndNote
9. RefWorks
10. Delicious
11. Export RIS
12. Export BibTeX

Title:
To Float or to Fix: Evidence on the Impact of Exchange Rate Regimes on Growth
Author: Levy-Yeyati, Eduardo ; Sturzenegger, Federico
Subjects: Classification ; Cluster analysis ; Comparative economics ; Consistent estimators ; Cross-national analysis ; Currency ; Developing countries ; Economic growth ; Economic growth rate ; Economic impact ; Economic theory ; Enrollments ; Estimators ; Exchange rate regimes ; Exchange rates ; Fixed exchange rates ; Flexible exchange rates ; Floating exchange rates ; Foreign exchange rates ; GDP ; Gross Domestic Product ; Interest rates ; International financial institutions ; LDCs ; Monetary economics ; Per capita growth ; Standard deviation ; Studies ; Volatility
Is Part Of: The American economic review, 2003-09, Vol.93 (4), p.1173-1193
Description: We study the relationship between exchange rate regimes and economic growth for a sample of 183 countries over the post-Bretton Woods period, using a new de facto classification of regimes based on the actual behavior of the relevant macroeconomic variables. In contrast with previous studies, we find that, for developing countries, less flexible exchange rate regimes are associated with slower growth, as well as with greater output volatility. For industrial countries, regimes do not appear to have any significant impact on growth. The results are robust to endogeneity corrections and a number of alternative specifications borrowed from the growth literature.
Publisher: Nashville: American Economic Association
Language: English
Identifier: ISSN: 0002-8282
EISSN: 1944-7981
DOI: 10.1257/000282803769206250
CODEN: AENRAA
Source: AUTh Library subscriptions: ProQuest Central

Back to results list

Previous Result 11 Next Go to Next page


INSPIRE LIBRARY - TON DUC THANG UNIVERSITY	(84-028) 37 755 057	Feedback
19 Nguyen Huu Tho St. Dist.7, HCM	thuvien@tdtu.edu.vn	Feedback

To Float or to Fix: Evidence on the Impact of Exchange Rate Regimes on Growth

Copyright 2003 American Economic Association ;Copyright American Economic Association Sep 2003 ;ISSN: 0002-8282 ;EISSN: 1944-7981 ;DOI: 10.1257/000282803769206250 ;CODEN: AENRAA

Searching Remote Databases, Please Wait