| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29347 |
| 来源ID | Working Paper 29347 |
| Rethinking Exchange Rate Regimes | |
| Ethan Ilzetzki; Carmen M. Reinhart; Kenneth S. Rogoff | |
| 发表日期 | 2021-10-11 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of the global exchange rate system, including parallel rates, capital controls and reserves. In line with a large recent literature, we find that the dollar has become ever-more central as the de facto anchor or reference currencies for much of the world. Our discussion encompasses the history of anchor currency choice, methods for classifying exchange rate regimes, a detailed discussion of the evolution of regimes, the growing substitution of reserves for capital controls as a tool for exchange rate stabilization, the modern Triffin dilemma, and the surprising recent trend decline in volatility of exchange rates at the core of the system. It concludes with issues surrounding the rise of China. |
| 主题 | Macroeconomics ; Monetary Policy ; International Economics ; International Finance ; International Macroeconomics ; History ; Financial History |
| URL | https://www.nber.org/papers/w29347 |
| 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/587021 |
| 推荐引用方式 GB/T 7714 | Ethan Ilzetzki,Carmen M. Reinhart,Kenneth S. Rogoff. Rethinking Exchange Rate Regimes. 2021. |
| 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 | ||
| w29347.pdf（820KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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