Long-Run Determinants of Exchange Rate Regimes: A Simple Sensitivity Analysis

Paolo Mauro and Grace Juhn

No 2002/104, IMF Working Papers from International Monetary Fund

Abstract: Many studies have attempted to uncover empirical regularities in how countries choose their exchange rate regimes. We survey previous studies showing that, taken as a whole, the literature is inconclusive. Drawing on a large dataset with many potential explanatory variables and a variety of exchange rate regime classifications, we test old and new theories and confirm that no robust empirical regularities emerge.

Keywords: WP; regime; exchange rate regime; regime choice; country; exchange rate; Exchange Rate Regimes; Sensitivity Analysis; regime classification; transition country; regime group; intermediate regime; predictive power; countries' self-reporting; standard deviation; IMF classification; Exchange rate arrangements; Conventional peg; Inflation; Capital controls; Exchange rates (search for similar items in EconPapers)
Pages: 31
Date: 2002-06-01
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Citations: View citations in EconPapers (105)

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