Exchange-rate regimes and economic growth: An empirical evaluation

Simon Sosvilla-Rivero and María del Carmen Ramos-Herrera
Additional contact information
María del Carmen Ramos-Herrera: Department of Quantitative Economics, Universidad Complutense de Madrid
Authors registered in the RePEc Author Service: Maria del Carmen Ramos Herrera ()

No 14-01, Working Papers from Asociación Española de Economía y Finanzas Internacionales

Abstract: Based on a dataset of 123 economies, this paper empirically investigates the relation between exchange-rate regimes and economic growth. We find that growth performance is best under intermediate exchange rate regimes, while the smallest growth rates are associated with flexible exchange rates. Nevertheless, this conclusion is tempered when we analyze the countries by income level: even though countries that adopt intermediate exchange-rate regimes are characterized by higher economic growth, the higher the level of income, less difference in growth performance across exchange rate regimes.

Keywords: Exchange rate regime; economic growth (search for similar items in EconPapers)
JEL-codes: E42 F31 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2014-01
New Economics Papers: this item is included in nep-cba, nep-fdg, nep-gro, nep-mac, nep-mon and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.aeefi.com/RePEc/pdf/defi14-01.pdf (application/pdf)

Related works:
Journal Article: Exchange-rate regimes and economic growth: an empirical evaluation (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aee:wpaper:1401

Access Statistics for this paper

More papers in Working Papers from Asociación Española de Economía y Finanzas Internacionales Contact information at EDIRC.
Bibliographic data for series maintained by Luis Miguel del Corral Cuervo ().