Classifying Exchange Rate Regimes: 20 Years Later

Eduardo Levy-Yeyati () and Federico Sturzenegger
Authors registered in the RePEc Author Service: Eduardo Levy Yeyati

School of Government Working Papers from Universidad Torcuato Di Tella

Abstract: Twenty years ago, in Levy-Yeyati and Sturzenegger (2001) we proposed a de facto classification of exchange rate regimes which contrasted with the –at the time, standard– de jure classifications based on self-reporting by monetary authorities. This paper extends our original classification through 2021 more than doubling the number of country-year observations (from 3335 to 8491). It also introduces an updating methodology to keep the classification updated in real time. Also, based on this extension, the paper documents the main stylized facts about exchange rate regime choices in the past two decades, which shows a jump in the prevalence of flexible regimes in the early 2000s and a gradual convergence between de jure and de facto groupings over time.

Keywords: Exchange rate regimes; fear of floating; fear of appreciation (search for similar items in EconPapers)
JEL-codes: F30 F33 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2022-10
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.utdt.edu/ver_contenido.php?id_contenido=23113&id_item_menu=31549 (application/pdf)

Related works:
Working Paper: Classifying Exchange Rate Regimes: 20 Years Later (2022)
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:udt:wpgobi:20220601

Access Statistics for this paper

More papers in School of Government Working Papers from Universidad Torcuato Di Tella
Bibliographic data for series maintained by Fiorela Navarro Duymovich ().