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Global trends in the choice of exchange rate regime

Bleaney, Michael; Tian, Mo; Yin, Lin

Authors

Michael Bleaney

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

Lin Yin



Abstract

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.

Journal Article Type Article
Publication Date Feb 1, 2016
Journal Open Economies Review
Print ISSN 0923-7992
Electronic ISSN 1573-708X
Publisher Springer Verlag
Peer Reviewed Peer Reviewed
Volume 27
Issue 1
APA6 Citation Bleaney, M., Tian, M., & Yin, L. (2016). Global trends in the choice of exchange rate regime. Open Economies Review, 27(1), https://doi.org/10.1007/s11079-015-9375-7
DOI https://doi.org/10.1007/s11079-015-9375-7
Keywords Exchange rate regimes; Inflation; Openness
Publisher URL https://link.springer.com/article/10.1007/s11079-015-9375-7
Copyright Statement Copyright information regarding this work can be found at the following address: http://eprints.nottingh.../end_user_agreement.pdf
Additional Information This is a post-peer-review, pre-copyedit version of an article published in Open Economies Review. The final authenticated version is available online at: http://dx.doi.org/10.1007/s11079-015-9375-7

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BTY_2016_OER_Global Trends in the Choice of Exchange Rate Regime.pdf (833 Kb)
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Copyright Statement
Copyright information regarding this work can be found at the following address: http://eprints.nottingham.ac.uk/end_user_agreement.pdf





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