De Facto Exchange Rate Regime Classifications Are Better Than You Think

Michael Bleaney, Mo Tian and Lin Yin

Discussion Papers from University of Nottingham, School of Economics

Abstract: Several de facto exchange rate regime classifications have been widely used in empirical research, but they are known to disagree with one another to a disturbing extent. We dissect the algorithms employed and argue that they can be significantly improved. We implement the improvements, and show that there is a far higher agreement rate between the modified classifications. We conclude that the current pessimism about de facto exchange rate regime classification schemes is unwarranted.

Keywords: exchange rate regimes; trade; volatility JEL codes: F31 (search for similar items in EconPapers)
Date: 2015-01
New Economics Papers: this item is included in nep-cba, nep-mfd, nep-mon and nep-opm
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.nottingham.ac.uk/economics/documents/discussion-papers/SDP15-01.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:not:notecp:15/01

Access Statistics for this paper

More papers in Discussion Papers from University of Nottingham, School of Economics School of Economics University of Nottingham University Park Nottingham NG7 2RD. Contact information at EDIRC.
Bibliographic data for series maintained by ().