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Exchange Rate Flexibility: How Should We Measure It?

Bleaney, Michael; Tian, Mo

Exchange Rate Flexibility: How Should We Measure It? Thumbnail


Authors

Michael Bleaney

MO TIAN Mo.Tian@nottingham.ac.uk
Assistant Professor



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.

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

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