Exchange-rate Regime Selection in Theory and PracticeSalomon Brothers Center for the Study of Financial Institutions, Graduate School of Business Administration, New York University, 1983 - Foreign exchange - 75 pages |
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Page 2
... linear probability model . Statistical procedures that are not subject to the problems inherent in the linear probability model include discriminant analysis , probit analysis , and logit analysis . All of these are more complex ...
... linear probability model . Statistical procedures that are not subject to the problems inherent in the linear probability model include discriminant analysis , probit analysis , and logit analysis . All of these are more complex ...
Page 3
... linear probability model and the logit model . The last part of Chapter III contains a brief review of the few ( actually four ) other studies that have undertaken similar tests . The review helps to establish the robust character of ...
... linear probability model and the logit model . The last part of Chapter III contains a brief review of the few ( actually four ) other studies that have undertaken similar tests . The review helps to establish the robust character of ...
Page 47
... linear probability model above pertain largely to the logit results as well . The only notable exception is that GC , which had a low significance level in equation 2 , has a lower significance level and a different sign in equation 2L ...
... linear probability model above pertain largely to the logit results as well . The only notable exception is that GC , which had a low significance level in equation 2 , has a lower significance level and a different sign in equation 2L ...
Contents
ExchangeRate | 1 |
B The ExchangeRate Regime | 15 |
Econometric Tests Results | 36 |
Copyright | |
2 other sections not shown
Common terms and phrases
adjustment mechanism adopting a pegged allocative efficiency alternative regimes argument arise balance of payments basket pegs capital mobility coefficient commodity concentration conclusion costly costs of adjustment countries currency area theories degree of exchange-rate dependent determining disturbances economists empirical equation exchange-rate adjustment exchange-rate changes exchange-rate flexibility expenditure-changing policies explanatory variable exports financial correctives financial integration fixed exchange rates fixed rates flexible exchange rates flexible exchange-rate regimes flexible rates floaters floating rates foreign exchange market geographic concentration Heller's Hence high capital mobility hypothesis imbalance independent floaters independent variables inflationary less linear probability model logit analysis logit model long run macro policies maintain external balance marginal costs micro costs monetary narrow-margin nation Nigeria number of observations optimum adjustment mix optimum currency area peggers pegging and floating Phillips curve predictions probability of adopting proxy rate regime ratio reduce regime selection resource mobility Salomon Brothers single currency pegs specific