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 1
... regime , individual countries have been faced with the task of determining their own exchange - rate regime . Further , the second amendment to the ... Regime Selection In Theory and Practice By Gordon Weil TABLE OF CONTENTS Introduction.
... regime , individual countries have been faced with the task of determining their own exchange - rate regime . Further , the second amendment to the ... Regime Selection In Theory and Practice By Gordon Weil TABLE OF CONTENTS Introduction.
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Gordon Weil. II . The Theoretical Basis For Regime Selection This chapter presents a review of the economic literature that is most pertinent to the decision to adopt one exchange - rate regime over another . As noted in the previous ...
Gordon Weil. II . The Theoretical Basis For Regime Selection This chapter presents a review of the economic literature that is most pertinent to the decision to adopt one exchange - rate regime over another . As noted in the previous ...
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... regime is selected the future state of the economy cannot be known . In that case the authorities would be concerned to select that regime which places the fewest constraints on their ability to influence the domestic economic situation ...
... regime is selected the future state of the economy cannot be known . In that case the authorities would be concerned to select that regime which places the fewest constraints on their ability to influence the domestic economic situation ...
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