Classifying Exchange Rate Regimes: 20 Years Later

Eduardo Levy-Yeyati and Federico Sturzenegger
Additional contact information
Eduardo Levy-Yeyati: Universidad Torcuato Di Tella
Federico Sturzenegger: Universidad de San Andrés/ Harvard Kennedy School
Authors registered in the RePEc Author Service: Eduardo Levy Yeyati

No 182, Working Papers from Red Nacional de Investigadores en Economía (RedNIE)

Abstract: Twenty years ago, in Levy-Yeyati and Sturzenegger (2001) we proposed a de facto classification of exchange rate regimes which contrasted with the –at the time, standard– de jure classifications based on self-reporting by monetary authorities. This paper extends our original classification through 2021 more than doubling the number of country-year observations (from 3335 to 8491). It also introduces an updating methodology to keep the classification updated in real time. Also, based on this extension, the paperdocuments the main stylized facts about exchange rate regime choices in the past two decades, which shows a jump in the prevalence of flexible regimes in the early 2000s and a gradual convergence between de jure and de facto groupings over time.

Keywords: Exchange rate regimes; fear of floating; fear of appreciation (search for similar items in EconPapers)
JEL-codes: F30 F33 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2022-10
New Economics Papers: this item is included in nep-cba, nep-his and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://rednie.eco.unc.edu.ar/files/DT/182.pdf (application/pdf)

Related works:
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:aoz:wpaper:182

Access Statistics for this paper

More papers in Working Papers from Red Nacional de Investigadores en Economía (RedNIE) Contact information at EDIRC.
Bibliographic data for series maintained by Laura Inés D Amato ().