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Crises and Exchange Rate Regimes: Time to break down the bipolar view?

Jean-Louis Combes, Alexandru Minea and Mousse Sow ()

Working Papers from HAL

Abstract: We revisit the link between crises and exchange rate regimes (ERR). Using a panel of 90 developed and developing countries over the period 1980-2009, we find that corner ERR are not more prone to crises compared to intermediate ERR. This finding holds for different types of crises (banking, currency and debt), and is robust to a wide set of alternative specifications. Consequently, we clearly break down the traditional bipolar view: countries that aim at preventing crisis episodes should focus less on the choice of the ERR, and instead implement sound structural macroeconomic policies.

Keywords: exchange rate regimes; economic crises; bipolar view (search for similar items in EconPapers)
Date: 2015-06-08
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-int, nep-mon and nep-opm
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00944372v2
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Related works:
Journal Article: Crises and exchange rate regimes: time to break down the bipolar view? (2016) Downloads
Working Paper: Crises and exchange rate regimes: Times to break down the bipolar view? (2016)
Working Paper: Crises and Exchange Rate Regimes: Time to break down the bipolar view? (2015) Downloads
Working Paper: Crises and Exchange Rate Regimes: Time to break down the bipolar view? (2013) Downloads
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