Fixed versus Flexible Exchange Rates
Evidence from Developing Countries
Bibliographic Data
| ID | 9725516 |
|---|---|
| Authors | Mathias Hoffmann (0000-0002-2776-1403, University of Cologne, corresponding author) |
| Year | 2007 |
| Volume | 74 |
| Issue | 295 |
| Pages | 425-449 |
| Publication date | 2007-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0335.2006.00564.x |
| OpenAlex | W2159690900 |
| Language | EN |
| Citations received | 3 |
| References cited | 34 |
This paper investigates the hypothesis that in a small open economy flexible exchange rates act as a ‘shock absorber’ and mitigate the effects of external shocks more effectively than fixed exchange rate regimes. Using a sample of 42 developing countries, the paper assesses whether the responses of real GDP, the trade balance and the real exchange rate to world output and world real interest rate shocks differ across exchange rate regimes. The paper shows that there are significant differences in the variability of macroeconomic aggregates under fixed and flexible exchange rate regimes
Developing country · Econometrics · Economics · Exchange rate · Exchange-rate regime · Fixed exchange rates · International economics · Monetary economics · Sample (material) · Shock (circulatory) · Fiscal Policy and Economic Growth · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
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The Modern History of Exchange Rate Arrangements
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Macroeconomics and Reality
Asymptotic Distributions of Impulse Response Functions and Forecast Error Variance Decompositions of Vector Autoregressive Models
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An Exploration in the Theory of Exchange-Rate Regimes
Interest Rates, Exchange Rates and Present Value Models of the Current Account
Exchange Rates and Monetary Policy in Emerging Market Economies
Macroeconomic Adjustment Under Bretton Woods and the Post-Breton-Woods Float
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,18 |
| Citation span | 2009 - 2015 (7) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |