Currency Misalignments in emerging and developing countries: reassessing the role of Exchange Rate Regimes

Cécile Couharde and Carl Grekou

No 2016-31, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: This paper re-examines empirically the relationship between exchange rate regimes and currency misalignments in emerging and developing countries. Using alternative de facto exchange rate regime classifications over the period 1980-2012, it finds strong evidence that performance of exchange rate regimes is conditional on the de facto classification. In particular, this paper shows that the effect of monetary arrangements on currency misalignments depends critically on the ability of these classification schemes to capture adequately dysfunctional monetary regimes.

Keywords: Currency misalignments; Exchange rate regimes; Emerging and developing countries. (search for similar items in EconPapers)
JEL-codes: C23 F31 F33 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2016
New Economics Papers: this item is included in nep-cba, nep-mon, nep-opm and nep-sog
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http://economix.fr/pdf/dt/2016/WP_EcoX_2016-31.pdf (application/pdf)

Related works:
Working Paper: Currency Misalignments in emerging and developing countries: reassessing the role of Exchange Rate Regimes (2017)
Working Paper: Currency Misalignments in emerging and developing countries: reassessing the role of Exchange Rate Regimes (2016)
Working Paper: Currency Misalignments in emerging and developing countries: reassessing the role of Exchange Rate Regimes (2016)
Working Paper: Currency Misalignments in emerging and developing countries: reassessing the role of Exchange Rate Regimes (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:drm:wpaper:2016-31

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