| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10673 |
| 来源ID | Working Paper 10673 |
| Exchange Rate Regime Durability and Performance in Developing Countries Versus Advanced Economies | |
| Aasim M. Husain; Ashoka Mody; Kenneth S. Rogoff | |
| 发表日期 | 2004-08-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Drawing on new data and advances in exchange rate regimes' classification, we find that countries appear to benefit by having increasingly flexible exchange rate systems as they become richer and more financially developed. For developing countries with little exposure to international capital markets, pegs are notable for their durability and relatively low inflation. In contrast, for advanced economies, floats are distinctly more durable and also appear to be associated with higher growth. For emerging markets, our results parallel the Baxter and Stockman classic exchange regime neutrality result, though pegs are the least durable and expose countries to higher risk of crisis. |
| 主题 | International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w10673 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568305 |
| 推荐引用方式 GB/T 7714 | Aasim M. Husain,Ashoka Mody,Kenneth S. Rogoff. Exchange Rate Regime Durability and Performance in Developing Countries Versus Advanced Economies. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10673.pdf（558KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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