Balance sheet effects and the choice of exchange rate regime in developing countries

Detalhes bibliográficos
Autor(a) principal: Bleaney, Michael
Data de Publicação: 2008
Outros Autores: Francisco, Manuela
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://hdl.handle.net/1822/7861
Resumo: We investigate the choice of regime amongst hard pegs, soft pegs, managed floats and independent floats for a panel of developing countries. There is evidence of a matched ordering of regimes and country characteristics. We find some evidence for the 'balance sheet' hypothesis that foreign liabilities in the banking system and foreign debt are associated with less exchange rate flexibility, particularly when a 'de facto' regime classification is used. Easily the best predictor of a country's current regime is its regime in the previous year.
id RCAP_bb34d389d936aaa7aa6eb942147a93fe
oai_identifier_str oai:repositorium.sdum.uminho.pt:1822/7861
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Balance sheet effects and the choice of exchange rate regime in developing countriesExchange rate regimesDeveloping countriesSocial SciencesWe investigate the choice of regime amongst hard pegs, soft pegs, managed floats and independent floats for a panel of developing countries. There is evidence of a matched ordering of regimes and country characteristics. We find some evidence for the 'balance sheet' hypothesis that foreign liabilities in the banking system and foreign debt are associated with less exchange rate flexibility, particularly when a 'de facto' regime classification is used. Easily the best predictor of a country's current regime is its regime in the previous year.Taylor and FrancisUniversidade do MinhoBleaney, MichaelFrancisco, Manuela2008-062008-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/7861engMichael Bleaney & Manuela Francisco (2008) Balance sheet effects and the choice of exchange rate regime in developing countries, The Journal of International Trade & Economic Development, 17:2, 297-310, DOI: 10.1080/096381907018728220963-81991469-955910.1080/09638190701872822http://dx.doi.org/10.1080/09638190701872822info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:43:44Zoai:repositorium.sdum.uminho.pt:1822/7861Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:41:16.467097Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Balance sheet effects and the choice of exchange rate regime in developing countries
title Balance sheet effects and the choice of exchange rate regime in developing countries
spellingShingle Balance sheet effects and the choice of exchange rate regime in developing countries
Bleaney, Michael
Exchange rate regimes
Developing countries
Social Sciences
title_short Balance sheet effects and the choice of exchange rate regime in developing countries
title_full Balance sheet effects and the choice of exchange rate regime in developing countries
title_fullStr Balance sheet effects and the choice of exchange rate regime in developing countries
title_full_unstemmed Balance sheet effects and the choice of exchange rate regime in developing countries
title_sort Balance sheet effects and the choice of exchange rate regime in developing countries
author Bleaney, Michael
author_facet Bleaney, Michael
Francisco, Manuela
author_role author
author2 Francisco, Manuela
author2_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Bleaney, Michael
Francisco, Manuela
dc.subject.por.fl_str_mv Exchange rate regimes
Developing countries
Social Sciences
topic Exchange rate regimes
Developing countries
Social Sciences
description We investigate the choice of regime amongst hard pegs, soft pegs, managed floats and independent floats for a panel of developing countries. There is evidence of a matched ordering of regimes and country characteristics. We find some evidence for the 'balance sheet' hypothesis that foreign liabilities in the banking system and foreign debt are associated with less exchange rate flexibility, particularly when a 'de facto' regime classification is used. Easily the best predictor of a country's current regime is its regime in the previous year.
publishDate 2008
dc.date.none.fl_str_mv 2008-06
2008-06-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/1822/7861
url https://hdl.handle.net/1822/7861
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Michael Bleaney & Manuela Francisco (2008) Balance sheet effects and the choice of exchange rate regime in developing countries, The Journal of International Trade & Economic Development, 17:2, 297-310, DOI: 10.1080/09638190701872822
0963-8199
1469-9559
10.1080/09638190701872822
http://dx.doi.org/10.1080/09638190701872822
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Taylor and Francis
publisher.none.fl_str_mv Taylor and Francis
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799132961300283392

Registros relacionados