Are consistent pegs really more prone to currency crises?
نویسندگان
چکیده
منابع مشابه
De facto exchange rate regimes and currency crises: Are pegged regimes with capital account liberalization really more prone to speculative attacks?
This paper empirically examines whether de facto exchange rate regimes affect the occurrence of currency crises in 84 countries over the 1980–2001 period by using the probit model. We employ the de facto classification of Reinhart and Rogoff (2004) that allows us to estimate the impact of relatively long-lived exchange rate regimes on currency crises with much greater precision. We find that pe...
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ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 2014
ISSN: 0261-5606
DOI: 10.1016/j.jimonfin.2014.02.003