Home » Banking and Finance » CLASSIFYING EXCHANGE RATE REGIMES: DEEDS VS. WORDS

CLASSIFYING EXCHANGE RATE REGIMES: DEEDS VS. WORDS

Sold By: Joe Project Store | Item Type: Project Material | Report this?  |  Attributes: 65 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 3,782 times

Delivery: Within 24 hours

ABSTRACT

Most of the empirical literature on the relative merits of alternative exchange rate regimes uses the IMF de jure classification based on the regime that governments claim to have, abstracting from the fact that many countries that in theory follow flexibleregimes intervene in the exchange market to an extent that in practice makes themindistinguishable from fixed rate regimes, and vice versa. To address this problem, inthis paper we construct a de factoclassification of exchange rate regimes. Using clusteranalysis techniques, we group different regimes according to their behavior along threeclassification dimensions: the nominal exchange rate, changes in the nominal exchangerate, and international reserves. We compare our results with the IMF classification, anddiscuss the main discrepancies.


This material content is developed to serve as a GUIDE for students to conduct academic research



Delivery: Within 24 hours

Advertise Here

For advertisement, call 08168958821

Not what you were looking for? Perform a search

What's your project topic?


Comment on Facebook: