Mark my Words: Information and the Fear of Declaring one’s Exchange Rate Regime

Pierre-Guillaume Méon and Geoffrey Minne

No 11-040, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: This paper investigates the role of a free press and of the circulation of information on the capacity of a country to declare an exchange regime that is different from the regime it de facto implements. We put forward consistent evidence that increased press freedom and easier access to information results in a lower probability of untruthfully reporting the regime that is implemented. The finding is resistant to a large set of robustness checks, including controlling for democracy.

Keywords: Official exchange rate regime; de facto exchange rate regime; press freedom; information; fear of floating. (search for similar items in EconPapers)
JEL-codes: F33 F41 F53 F59 L82 (search for similar items in EconPapers)
Pages: 45 p.
Date: 2011-09
New Economics Papers: this item is included in nep-ifn
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published by:

Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/97393/1/wp11040.pdf wp11040 (application/pdf)

Related works:
Journal Article: Mark my words: Information and the fear of declaring an exchange rate regime (2014)
Journal Article: 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 (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sol:wpaper:2013/97393

Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... ulb.ac.be:2013/97393

Access Statistics for this paper

More papers in Working Papers CEB from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().