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Modern Money Theory and Alternative Exchange Rate Regimes
The previous discussions were quite general and apply to all countries that use a domestic currency. It does not matter whether these currencies are... -
Role of the choice of exchange rate regime on real exchange rate misalignments in South Sahara African countries
The objective of this study is to analyze the role of exchange rate regime on real exchange rate misalignment in sub-Saharan African (SSA) countries....
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Exchange Rate Regimes and Business Cycle Synchronization
This paper studies the effect of seven types of exchange rate regimes on business cycle synchronization, by using a new dataset on bilateral de-facto ...
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Determinants of economic resilience response in sub-Saharan Africa to a common exogenous shock: roles of demographic differences, exchange rate regimes and institutional quality
The objective of this paper is to investigate the determinants of economic resilience in sub-Saharan African (SSA) countries. The analyses focus on...
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Are We Floating Yet? Duration of Fixed Exchange Rate Regimes
This study examines the duration of fixed exchange rate regimes to determine the factors that impact the probability of an exit from a peg. Using de...
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Exchange rate spillovers in the CIS
This paper estimates macroeconomic connectedness in the CIS (the Commonwealth of Independent States) through risk spillovers via the exchange rates....
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Do the export reactions to exchange rate and exchange rate volatility differ depending on technology intensity? New evidences from the panel SVAR analysis
This paper investigates the impact of exchange rate and exchange rate volatility on export performance by considering technological classification in...
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Regime-dependent drivers of the EUR/CHF exchange rate
We analyze drivers of the EUR/CHF exchange rate in different regimes between 2000 and 2020. Structural breaks between these subperiods are estimated...
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The Case for Fixed Exchange Rate Regimes: What for and in What Form?
This paper provides several arguments for fixed exchange rates. First, any firm doing business abroad needs a stable and orderly exchange rate... -
Reserve Volatility and the Identification of Exchange Rate Regimes
Should exchange rate regime classifications be based purely on some measure of exchange rate flexibility, or should such flexibility be judged in...
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Exchange Rate Regime Choices in Small Open Economies from Bretton Woods to Inflation Targeting
After centuries of metallic monies, for a long time, our understanding of fiat money had remained rudimentary and often controversial. Successive...
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Effects of foreign direct investment on industrial development in Sub-Saharan Africa: the role of exchange rate misalignment
The aim of this article is to analyze the role of exchange rate misalignment in explaining the effects of foreign direct investment (FDI) on...
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Fiscal policy and real exchange rate variations in India
The fiscal policy's impact on the real exchange rates is highly controversial in theory and practice but noteworthy for macroeconomic policy. This...
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Official Intervention, Reserve Accumulation and Exchange Rate Volatility
The Reserve Bank of India often claims that the official intervention in the foreign exchange market primarily aims at minimizing undue fluctuations...
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Exchange rate pass-through to inflation in Morocco: a structural VAR approach
Both theoretical and empirical literature emphasize the influence of exchange rate shocks on the domestic prices of imported goods. In this context,...
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Current Account Imbalances, Real Exchange Rates, and Nominal Exchange Rate Variability
This paper globally analyzes the bivariate relation between large current account imbalances and the real exchange rate over different degrees of...
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Explaining the Stylized Facts of Foreign Exchange Markets with a Simple Agent-based Version of Paul de Grauwe’s Chaotic Exchange Rate Model
We propose a simple agent-based version of Paul de Grauwe’s chaotic exchange rate model. In particular, we assume that each speculator follows his...
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Economic policy uncertainty and remittances: mediating role of foreign exchange rate
Recent studies provide evidence that economic policy uncertainty (EPU) is linked with the workers' remittances, yet the channel through which EPU...
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Symposium on Exchange Rate Regimes in Transition Economies. The Euroization Debate—Introduction
Ever since its inception in 1957 the European Union has been engaged in successive rounds of both widening—from six to fifteen members—and deepening,... -
Openness and Real Exchange Rate Volatility: Evidence from China
In recent years, China has introduced a series of trade and financial liberalization policies and taken a crucial step towards the...