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Book/Printed Material Effective exchange rate classifications and growth

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Title

  • Effective exchange rate classifications and growth

Summary

  • "We propose an econometric procedure for obtaining de facto exchange rate regime classifications which we apply to study the relationship between exchange rate regimes and economic growth. Our classification method models the de jure regimes as outcomes of a multinomial logit choice problem conditional on the volatility of a country's effective exchange rate, a bilateral exchange rate and international reserves. An 'effective' de facto exchange rate regime classification is then obtained by assigning country-year observations to the regime with the highest predictive probability obtained from the estimation problem. An econometric investigation into the relationship between exchange rate regimes and GDP growth finds that growth is higher under stable currency-value regimes. Significant asymmetric effects on country growth from not doing what is said are found for nonindustrialized countries. Countries that exhibit 'fear of floating' experience significantly higher growth"--National Bureau of Economic Research web site.

Names

  • Dubas, Justin M.
  • Lee, Byung Joo
  • Mark, Nelson C. (Nelson Chung), 1955-
  • National Bureau of Economic Research

Created / Published

  • Cambridge, MA : National Bureau of Economic Research, c2005.

Headings

  • -  Foreign exchange rates--Government policy--Mathematical models
  • -  Foreign exchange rates--Mathematical models
  • -  Foreign exchange rates--Developing countries
  • -  Developing countries--Economic conditions--Econometric models

Notes

  • -  Title from PDF file as viewed on 5/3/2005.
  • -  Includes bibliographical references.
  • -  Also available in print.
  • -  Mode of access: World Wide Web.
  • -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

  • HB1

Digital Id

Library of Congress Control Number

  • 2005617329

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

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Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Dubas, Justin M, Byung Joo Lee, Nelson C Mark, and National Bureau Of Economic Research. Effective Exchange Rate Classifications and Growth. Cambridge, MA: National Bureau of Economic Research, 2005. Pdf. https://aj.sunback.homes/item/2005617329/.

APA citation style:

Dubas, J. M., Lee, B. J., Mark, N. C. & National Bureau Of Economic Research. (2005) Effective Exchange Rate Classifications and Growth. Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://aj.sunback.homes/item/2005617329/.

MLA citation style:

Dubas, Justin M, et al. Effective Exchange Rate Classifications and Growth. Cambridge, MA: National Bureau of Economic Research, 2005. Pdf. Retrieved from the Library of Congress, <aj.sunback.homes/item/2005617329/>.