The Choice of Exchange Rate Regimes in the MENA Countries: a Probit Analysis

Sfia Daly ()

No wp899, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan Stephen M. Ross Business School

Abstract: This paper analysis the choice of exchange regimes of 17 economies in the MENA region for the period 1990-2000. For this purpose we use both de jure and de facto regime classifications and estimate a series of binomial and multinomial probit models. Regressions results highlight the important influence of economic development and international reserve levels on exchange regime selection.

Keywords: Exchange regime choice; MENA countries; probit model (search for similar items in EconPapers)
JEL-codes: C25 F33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr and nep-ifn
Date: Written 2007-11-01
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