Exchange Rate Flexibility: How Should We Measure It?

Michael Bleaney and Mo Tian
Additional contact information
Mo Tian: University of Nottingham

Open Economies Review, 2020, vol. 31, issue 4, No 6, 900 pages

Abstract: Abstract This paper first examines some recent exchange rate classification schemes. There is little evidence of a trend towards greater agreement between schemes. There is a probability of between 16 and 28% that a peg in one classification scheme is coded as a float in a different scheme, or vice versa. This probability is much smaller for the tightest forms of peg and the most volatile floats. Continuous indices of exchange rate flexibility are analysed and shown to have significant potential, despite the lack of interest in them shown in previous research.

Keywords: Exchange rates regimes; Inflation; F31 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://link.springer.com/10.1007/s11079-019-09577-z Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Exchange rate flexibility: How should we measure it? (2019)
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:31:y:2020:i:4:d:10.1007_s11079-019-09577-z

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

DOI: 10.1007/s11079-019-09577-z

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 ().