The Country Chronologies to Exchange Rate Arrangements into the 21st Century: Will the Anchor Currency Hold?

Ethan Ilzetzki, Carmen Reinhart and Kenneth Rogoff

No 23135, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Detailed country-by-country chronologies are an informative companion piece to our paper “Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?,” which provides a comprehensive history of anchor or reference currencies, exchange rate arrangements, and a new measure of foreign exchange restrictions for 194 countries and territories over 1946-2016. The individual country chronologies are also a central component of our approach to classifying regimes. These country histories date dual or multiple exchange rate episodes, as well as to differentiate between pre-announced pegs, crawling pegs, and bands from their de facto counterparts. We think it is important to distinguish between say, de facto pegs or bands from announced pegs or bands, because their properties are potentially different. The chronologies also flag the dates for important turning points, such as when the exchange rate first floated, or when the anchor currency was changed. We extend our chronologies as far back as possible, even though we only classify regimes from 1946 onwards.

JEL-codes: E5 F3 F4 N2 (search for similar items in EconPapers)
Date: 2017-02
New Economics Papers: this item is included in nep-his, nep-mac, nep-mon and nep-opm
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Related works:
Working Paper: The Country Chronologies to Exchange Rate Arrangements into the 21st Century: Will the Anchor Currency Hold? (2017)
Working Paper: A Modern History of Exchange Rate Arrangements: The Country Histories, 1946-2001 (2002)
Working Paper: A Modern History of Exchange Rate Arrangements: Chartbook, 1946-2001 (2002)
Working Paper: A Modern History of Exchange Rate Arrangements: Parallel Markets and Dual and Multiple Exchange Rates (2002)
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