EconPapers    
Economics at your fingertips  
 

Exchange rate regime choice and currency crises

Ahmet Asici ()

Economic Systems, 2011, vol. 35, issue 3, 419-436

Abstract: Exchange rate regime choice is not exogenous, but it depends on the structural, political and financial features of countries. However, it is often the case that the regime actually pursued and the one that is imposed by country features do not match one to one. The existing empirical crisis models do not take fully into account the regime in which the crisis unfolded. The aim of this paper is to incorporate the appropriateness of the regime choice into the standard currency crisis model. The results show that the odds of crisis increase significantly in countries which have chosen regimes inconsistently.

Keywords: Exchange; rate; regime; choice; Currency; crisis; Multinomial; crisis; model (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0939362511000379
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Exchange Rate Regime Choice and Currency Crises (2009) Downloads
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:eee:ecosys:v:35:y:2011:i:3:p:419-436

Access Statistics for this article

Economic Systems is currently edited by R. Frensch

More articles in Economic Systems from Elsevier Contact information at EDIRC.
Bibliographic data for series maintained by Nithya Sathishkumar ().

 
Page updated 2021-06-11
Handle: RePEc:eee:ecosys:v:35:y:2011:i:3:p:419-436