The choice of exchange rate regimes in developing countries: A multinormal panel

doi:10.1016/j.jimonfin.2007.05.006

CORC > 上海财经大学 > 上海财经大学

	The choice of exchange rate regimes in developing countries: A multinormal panel
	von Hagen, Juergen ; Zhou, Jizhong
刊名	JOURNAL OF INTERNATIONAL MONEY AND FINANCE
	2007-11
卷号	26 期号:7 页码:1071-1094
关键词	exchange rate regimes developing country multinomial logit model static and dynamic panel simulation
ISSN号	0261-5606
DOI	10.1016/j.jimonfin.2007.05.006
英文摘要	This paper analyses the choices of exchange rate regimes in developing countries since 1980. Static and dynamic random-effects multinomial panel models are estimated using simulation-based techniques. Explanatory variables include OCA fundamentals, stabilization considerations, currency crises factors, and political and institutional features. The results reveal strong state dependence in regime choices. We also find evidence for non-monotonic relationship between regime determinants and the degree of regime flexibility. (c) 2007 Elsevier Ltd. All rights reserved.
WOS研究方向	Business & Economics
语种	英语
出版者	ELSEVIER SCI LTD
WOS记录号	WOS:000250186300001
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/2582]
专题	上海财经大学
通讯作者	von Hagen, Juergen
作者单位	1.Univ Bonn, Indiana Univ, D-53113 Bonn, Germany; 2.CEPR, D-53113 Bonn, Germany; 3.Shanghai Univ Finance & Econ, Shanghai 200433, Peoples R China
推荐引用方式 GB/T 7714	von Hagen, Juergen,Zhou, Jizhong. The choice of exchange rate regimes in developing countries: A multinormal panel[J]. JOURNAL OF INTERNATIONAL MONEY AND FINANCE,2007,26(7):1071-1094.
APA	von Hagen, Juergen,&Zhou, Jizhong.(2007).The choice of exchange rate regimes in developing countries: A multinormal panel.JOURNAL OF INTERNATIONAL MONEY AND FINANCE,26(7),1071-1094.
MLA	von Hagen, Juergen,et al."The choice of exchange rate regimes in developing countries: A multinormal panel".JOURNAL OF INTERNATIONAL MONEY AND FINANCE 26.7(2007):1071-1094.