Global trends in the choice of exchange rate regime
The raw data suggest that the global trend towards greater exchange rate flexibility that was evident before 1990 has since stopped. An optimum currency area (OCA) model of exchange rate regime choice is estimated. Four different schemes for classifying exchange rate regime are investigated. Trends...
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| Format: | Article |
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Springer
2016
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| Online Access: | https://eprints.nottingham.ac.uk/52533/ |
| _version_ | 1848798747232829440 |
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| author | Bleaney, Michael Tian, Mo Yin, Lin |
| author_facet | Bleaney, Michael Tian, Mo Yin, Lin |
| author_sort | Bleaney, Michael |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | The raw data suggest that the global trend towards greater exchange rate flexibility that was evident before 1990 has since stopped. An optimum currency area (OCA) model of exchange rate regime choice is estimated. Four different schemes for classifying exchange rate regime are investigated. Trends in the explanatory variables made little difference to the trend towards greater flexibility before 1990 but have worked against it since, largely because of the reduction in inflation. Underlying preferences are still shifting gradually in the direction of greater flexibility. |
| first_indexed | 2025-11-14T20:24:41Z |
| format | Article |
| id | nottingham-52533 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T20:24:41Z |
| publishDate | 2016 |
| publisher | Springer |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-525332020-05-04T20:03:59Z https://eprints.nottingham.ac.uk/52533/ Global trends in the choice of exchange rate regime Bleaney, Michael Tian, Mo Yin, Lin The raw data suggest that the global trend towards greater exchange rate flexibility that was evident before 1990 has since stopped. An optimum currency area (OCA) model of exchange rate regime choice is estimated. Four different schemes for classifying exchange rate regime are investigated. Trends in the explanatory variables made little difference to the trend towards greater flexibility before 1990 but have worked against it since, largely because of the reduction in inflation. Underlying preferences are still shifting gradually in the direction of greater flexibility. Springer 2016-02 Article PeerReviewed Bleaney, Michael, Tian, Mo and Yin, Lin (2016) Global trends in the choice of exchange rate regime. Open Economies Review, 27 (1). pp. 71-85. ISSN 1573-708X Exchange rate regimes; Inflation; Openness https://link.springer.com/article/10.1007/s11079-015-9375-7 doi:10.1007/s11079-015-9375-7 doi:10.1007/s11079-015-9375-7 |
| spellingShingle | Exchange rate regimes; Inflation; Openness Bleaney, Michael Tian, Mo Yin, Lin Global trends in the choice of exchange rate regime |
| title | Global trends in the choice of exchange rate regime |
| title_full | Global trends in the choice of exchange rate regime |
| title_fullStr | Global trends in the choice of exchange rate regime |
| title_full_unstemmed | Global trends in the choice of exchange rate regime |
| title_short | Global trends in the choice of exchange rate regime |
| title_sort | global trends in the choice of exchange rate regime |
| topic | Exchange rate regimes; Inflation; Openness |
| url | https://eprints.nottingham.ac.uk/52533/ https://eprints.nottingham.ac.uk/52533/ https://eprints.nottingham.ac.uk/52533/ |