Fixed versus Flexible Exchange Rates: Evidence from Developing Countries

Mathias Hoffmann ()

No 109, Royal Economic Society Annual Conference 2003 from Royal Economic Society

Abstract: This paper empirically investigates Mundell's (1961) formalisation that in a small open economy flexible exchange rates act as a `shock absorber'. The role of a world real interest rate shock in driving output, trade imbalances and real exchange rate fluctuations under different exchange rate regimes is empirically investigated in a Panel VAR, which utilises economic theory for identification.

Keywords: small open economies; exchange rate regimes; panel VAR (search for similar items in EconPapers)
JEL-codes: C33 F31 F41 (search for similar items in EconPapers)
Date: 2003-06-04
New Economics Papers: this item is included in nep-ifn
References: Add references at CitEc
Citations: View citations in EconPapers (23)

Downloads: (external link)
http://www.uni-koeln.de/wiso-fak/weber/personal/mh_datei/FixedvsFlexible.pdf full text
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.uni-koeln.de/wiso-fak/weber/personal/mh_datei/FixedvsFlexible.pdf [301 Moved Permanently]--> https://www.uni-koeln.de/wiso-fak/weber/personal/mh_datei/FixedvsFlexible.pdf)

Related works:
Journal Article: Fixed versus Flexible Exchange Rates: Evidence from Developing Countries (2007)
Working Paper: Fixed versus flexible exchange rates: Evidence from developing countries (2005)
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:ecj:ac2003:109

Access Statistics for this paper

More papers in Royal Economic Society Annual Conference 2003 from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F. Baum ().