| 书目名称 | The Politics of Exchange Rates in Developing Countries | | 副标题 | Political Cycles and | | 编辑 | Ralph Setzer | | 视频video | | | 概述 | Includes supplementary material: | | 丛书名称 | Contributions to Economics | | 图书封面 |  | | 描述 | 1. 1 The context What factors determine a country‘s exchange rate regime? Since the col lapse of the Bretton Woods system of fixed exchange rates in 1973, eco nomists have been increasingly interested in answering this question. Ana lysts focused primarily on the possible influence of optimum currency area (OCA) criteria, such as a country‘s size, openness to trade, or factor mobi lity. More recent approaches emphasized the nature and the sources of shocks to which an economy is exposed or explicitly took imperfections on financial markets into account. However, despite a large body of work, litt le consensus has emerged about the determinants of exchange rate regime choice. The existing empirical literature could not identify a single variable as a clear predictor of exchange rate regime choice and even among eco nomically comparable countries large discrepancies in exchange rate pol icy have been observed (see, e. g. , the survey on the literature in Juhn and Mauro 2002). The inconclusiveness of traditional approaches to explain exchange rate regime choice is the stimulus for this dissertation. My main point is that political and institutional conditions help to account fo | | 出版日期 | Book 2006 | | 关键词 | Developing Countries; Duration Data Analysis; Emerging Market Economies; Exchange Rate Regime; Political | | 版次 | 1 | | doi | https://doi.org/10.1007/3-7908-1716-3 | | isbn_softcover | 978-3-7908-1715-7 | | isbn_ebook | 978-3-7908-1716-4Series ISSN 1431-1933 Series E-ISSN 2197-7178 | | issn_series | 1431-1933 | | copyright | Physica-Verlag Heidelberg 2006 |
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发表于 2025-3-21 17:25:25
