Mark my Words: Information and the Fear of Declaring one’s Exchange Rate Regime
Pierre-Guillaume Méon () and
Geoffrey Minne ()
Post-Print CEB, 2014, vol. 107, 244-261
This paper investigates the role of a free press and the circulation of information on the capacity of a country to declare an exchange regime that differs from the regime it implements de facto. We report consistent evidence that greater press freedom and easier access to information result in a lower probability of untruthfully reporting the de facto regime. These findings withstand a large set of robustness checks, including controlling for democracy and for the institutional and political environment, controlling for endogeneity, and using various estimation methods. The results are particularly strong for developing countries.
Keywords: press freedom; information; fear of floating; Official exchange rate regime; de facto exchange rate regime (search for similar items in EconPapers)
JEL-codes: F33 F41 F53 F59 L82 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/163527/3/CEBPostprint006.pdf Œuvre complète ou partie de l'œuvre (application/pdf)
Working Paper: Mark my Words: Information and the Fear of Declaring one’s Exchange Rate Regime (2014)
Working Paper: Mark my Words: Information and the Fear of Declaring one’s Exchange Rate Regime (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sol:spaper:2013/163527
Ordering information: This journal article can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/163527
Access Statistics for this article
More articles in Post-Print CEB from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().