Michael Bleaney
Exchange Rate Flexibility: How Should We Measure It?
Bleaney, Michael; Tian, Mo
Abstract
This paper first examines some recent exchange rate classification schemes. There is little evidence of a trend towards greater agreement between schemes. There is a probability of between 16 and 28 percent that a peg in one classification scheme is coded as a float in a different scheme, or vice versa. This probability is much smaller for the tightest forms of peg and the most volatile floats. Continuous indices of exchange rate flexibility are analysed and shown to have significant potential, despite the lack of interest in them shown in previous research.
Citation
Bleaney, M., & Tian, M. (2020). Exchange Rate Flexibility: How Should We Measure It?. Open Economies Review, 31(4), 881–900. https://doi.org/10.1007/s11079-019-09577-z
Journal Article Type | Article |
---|---|
Acceptance Date | Sep 16, 2019 |
Online Publication Date | Jan 9, 2020 |
Publication Date | 2020-09 |
Deposit Date | Oct 23, 2019 |
Publicly Available Date | Jan 16, 2020 |
Journal | Open Economies Review |
Print ISSN | 0923-7992 |
Electronic ISSN | 1573-708X |
Publisher | Springer Verlag |
Peer Reviewed | Peer Reviewed |
Volume | 31 |
Issue | 4 |
Pages | 881–900 |
DOI | https://doi.org/10.1007/s11079-019-09577-z |
Keywords | Exchange rates regimes, Inflation |
Public URL | https://nottingham-repository.worktribe.com/output/2935529 |
Publisher URL | https://link.springer.com/article/10.1007/s11079-019-09577-z |
Additional Information | First Online: 9 January 2020 |
Contract Date | Oct 23, 2019 |
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Bleaney-Tian2020_Article_ExchangeRateFlexibilityHowShou
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Publisher Licence URL
https://creativecommons.org/licenses/by/4.0/
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