EconPapers    
Economics at your fingertips  
 

The Viability of Fixed Exchange Rate Commitments: Does Politics Matter? A Theoretical and Empirical Investigation

Pierre-Guillaume Méon () and Jean-Marc Rizzo ()

Open Economies Review, 2002, vol. 13, issue 2, 132 pages

Abstract: This article studies the connection between political instability and the sustainability of an exchange rate regime. A model based on the credibility of monetary policy shows that political unrest should be correlated with the adoption of flexible exchange rates. That intuition is tested using various measures of political instability on a panel of 125 countries between 1980 and 1994. Copyright Kluwer Academic Publishers 2002

Keywords: exchange rate regimes; political uncertainty; credibility (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1023/A:1013916013825 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The viability of fixed exchange rate commitments: does politics matter? A theoretical and empirical investigation (2002)
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:kap:openec:v:13:y:2002:i:2:p:111-132

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11079/PS2

DOI: 10.1023/A:1013916013825

Access Statistics for this article

Open Economies Review is currently edited by G.S. Tavlas

More articles in Open Economies Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2021-04-12
Handle: RePEc:kap:openec:v:13:y:2002:i:2:p:111-132