| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3275 |
| DP3275 The Intergenerational State: Education and Pensions | |
| Michele Boldrin; Ana Montes | |
| 发表日期 | 2002-03-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | We analyse the choice of exchange rate regimes of the 25 transition economies in Europe and the CIS after 1990. The empirical results show that the traditional Optimum Currency Area considerations provide relevant guidance for the exchange rate regime choices in these countries. Moreover, inflation rates, cumulative inflation differentials and the availability of international reserves influence regime choices. That is, macroeconomic stabilization and the ability to commit to a credible exchange rate peg play important roles in the determination of exchange rate regime choices. Large government deficits have ambiguous effects; they increase the likelihood of moving from a flexible exchange rate to an intermediate peg as well as the likelihood of moving from a fixed to an intermediate peg. |
| 主题 | International Macroeconomics |
| 关键词 | Exchange rate regimes Transition economies |
| URL | https://cepr.org/publications/dp3275 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532302 |
| 推荐引用方式 GB/T 7714 | Michele Boldrin,Ana Montes. DP3275 The Intergenerational State: Education and Pensions. 2002. |
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