The Determinants of Exchange Rate System: an Empirical Analysis
نویسندگان: ثبت نشده
چکیده مقاله:
Since the breakdown of the Bretton Woods System, exchange arrangements of countries have become flexible. Several attempts have been made to determine whether the theories of optimum currency areas adequately explain the choice of an exchange rate system. In this paper, the optimum currency area is retested. Using cross-section data, a regression analysis of the choice of an exchange rate system is performed, applying ordered and multinomial logit techniques. An important result of this analysis is the failure to reject the hypothesis that flexibility is the latent variable underlying the exchange rate system.
منابع مشابه
the determinants of exchange rate system: an empirical analysis
since the breakdown of the bretton woods system, exchange arrangements of countries have become flexible. several attempts have been made to determine whether the theories of optimum currency areas adequately explain the choice of an exchange rate system. in this paper, the optimum currency area is retested. using cross-section data, a regression analysis of the choice of an exchange rate syste...
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an empirical analysis of exchange rate pass-through to iran's saffron export price
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متن کاملan empirical analysis of exchange rate pass-through to iran's saffron export price
exchange rate pass-through to the price of traded goods is one of the important issues in economy of developing countries such as iran and affects the efficiency of the exchange rate policies to improve the trade balance. the main aim of this paper is to empirically analyze exchange rate pass-through to iran's saffron export price using panel data for twenty destination markets during 2000–2011...
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عنوان ژورنال
دوره 1 شماره 1
صفحات 1- 31
تاریخ انتشار 1994-07-01
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