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Le choix d'un régime de change dans les pays émergents et en développement peut-il être optimal en dehors des solutions bipolaires ?

Jean-Pierre Allegret (), Mohamed Ayadi () and Leila Haouaoui Khouni

Revue économique, 2011, vol. 62, issue 2, 133-162

Abstract: This paper studies the choice of the exchange rate regime in emerging and developing countries. Our model extends the approach proposed by Aizenman and Hausmann [2001] in order to introduce the main determinants of the exchange rate regime choice. The model is tested with a multinomial logit approach on a sample including emerging and developing countries. We determine the probability of occurrence of a given exchange rate regime by taking into account the determinants from the theoretical model. Overall, our results suggest that intermediate regimes remain well adapted to developing and emerging countries. Classification JEL : F33 ; F41

JEL-codes: F41 (search for similar items in EconPapers)
Date: 2011
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Related works:
Working Paper: Le choix d'un régime de change dans les pays émergents et en développement peut-il être optimal en dehors des solutions bi-polaires ? (2011)
Working Paper: Le choix d’un régime de change dans les pays émergents et en développement peut-il être optimal en dehors des solutions bi-polaires ? (2008) Downloads
Working Paper: Le choix d'un régime de change dans les pays émergents et en développement peut-il être optimal en dehors des solutions bi-polaires ? (2008) Downloads
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