Exchange rate regime preferences of the international sector. Firm-level evidence

José Fernández-Albertos

Economics Letters, 2012, vol. 116, issue 1, 26-30

Abstract: This paper argues that fixed exchange rate regimes are preferred by the international sector only if they are adopted in economies endowed with anti-inflationary policy-making institutions (i.e., independent central banks). Cross-national firm-level data gives strong support to this claim.

Keywords: Exchange rate regime; Political economy; International sector; Central bank independence; Firm surveys (search for similar items in EconPapers)
JEL-codes: E42 E58 F30 F33 F41 F50 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:1:p:26-30

DOI: 10.1016/j.econlet.2011.12.131

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