منابع مشابه
Terms of Trade and Exchange Rate Regimes in Developing Countries∗
Since Friedman (1953) and Poole (1970), an advantage often attributed to ßexible exchange rate regimes relative to Þxed regimes is their ability to better insulate the economy against real shocks. I use a post-Bretton Woods sample (1973-1996) of 74 developing countries to assess whether the business cycle response of real GDP, real exchange rates and inßation to terms of trade shocks differ sys...
متن کاملTrade Patterns and Exchange Rate Regimes: Testing the Asian
The Asian currency crises occurred in the year 1997. We focused on exchange rates of the Asian countries/regions among several causes and examined how they were determined with a currency basket peg framework. We also constructed an international input-output model linked with macroeconometric models. Using the model, we have analyzed trade pattern changes in relation to the yen-dollar rate. Es...
متن کاملPolicy Time-Inconsistency: A Comparison of Managed Floating Exchange Rate and Controlled Exchange Rate Regimes
Some empirical and theoretical studies have emphasized on fixed exchange rate regime in controlling time inconsistency, while others consider the role of target zone regime as an important factor. Thus there is no general consensus to decide which exchange rate regime may bring about less time-inconsistency. The main purpose of this study is to investigate policy time-inconsistency in exchange ...
متن کاملTo PEG or not to PEG.
Patients with adequate intestinal function who are unable to eat may benefit from enteral tube feeding. Percutaneous endoscopic gastrostomy (PEG) is preferred when prolonged treatment is envisaged. PEG feeding will reduce morbidity and mortality in many such patients by reversing malnutrition. The increasing numbers of elderly patients with chronic diseases have resulted in an increased demand ...
متن کاملRunning Head: EXCHANGE RATE REGIMES AND INTERANTIONAL RESERVES Exchange Rate Regimes and International Reserves
In this paper we use a new classification of exchange rate arrangements developed by Reinhart and Rogoff (2002) to test whether reserve holdings decrease with increasing exchange-rate flexibility. Using pooled data for 137 countries over the period 1980-2000, we find several new results. First, the degree of exchange rate flexibility has an inverted-U relationship with the country’s reserve hol...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Cogent Economics & Finance
سال: 2020
ISSN: 2332-2039
DOI: 10.1080/23322039.2020.1719593