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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Choosing (and reneging on) exchange rate regimes
Organization Unit
Authors
  • Alberto Alesina
  • Alexander Wagner
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of the European Economic Association
Publisher Wiley-Blackwell
Geographical Reach international
ISSN 1542-4766
Volume 4
Number 4
Page Range 770 - 799
Date 2006
Abstract Text We use data on announced and actual exchange rate arrangements to ask which countries follow de facto regimes different from their de iure ones, that is, do not do what they say. Our results suggest that countries with poor institutional quality have difficulty in maintaining pegging and abandon it often. In contrast, many countries with relatively good institutions display fear of floating, that is, they manage more than announced, perhaps to signal their differences from those countries incapable of maintaining promises of monetary stability.
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Digital Object Identifier 10.1162/JEEA.2006.4.4.770
Other Identification Number merlin-id:3497
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