The Forex Regime and EMU Expansion

Pieter W. van Foreest () and Casper de Vries
Additional contact information
Pieter W. van Foreest: Faculty of Economics, Erasmus University Rotterdam, and Tinbergen Institute

No 02-010/2, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This paper provides evidence that the choice of the foreign exchange regime is not of first order importance for achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate stability hinges on the current and anticipated coherency of monetary and fiscal policies. We demonstrate this empirically on a panel including potential EMU accession countries. By means of rank regression analysis we uncover the partial links across the regime specifics of the representative country versus the German regime during the 1990s.

Published in Open Economies Review ,2003, 14(3), 285-298.

Keywords: Exchange Rate Regime; Growth; EMU; CEECs (search for similar items in EconPapers)
Date: 2002-02-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://papers.tinbergen.nl/02010.pdf (application/pdf)

Related works:
Journal Article: The Forex Regime and EMU Expansion (2003)
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:tin:wpaper:20020010

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().