Classifying exchange rate regimes: deeds vs. words
- Autores
- Levy Yeyati, Eduardo; Sturzenegger, Federico
- Año de publicación
- 2000
- Idioma
- español castellano
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- Most of the empirical literature on the relative merits of alternative exchange rate regimes uses the IMF de jure classification based on the regime that governments claim to have, abstracting from the fact that many countries that in theory follow flexible regimes intervene in the exchange market to an extent that in practice makes them indistinguishable from fixed rate regimes, and vice versa. To address this problem, in this paper we construct a de facto classification of exchange rate regimes. Using cluster analysis techniques, we group different regimes according to their behavior along three classification dimensions: the nominal exchange rate, changes in the nominal exchange rate, and international reserves. We compare our results with the IMF classification, and discuss the main discrepancies.
Departamento de Economía - Materia
-
Ciencias Económicas
tipo de cambio
dinero
economía monetaria - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by/3.0/
- Repositorio
.jpg)
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/33939
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Classifying exchange rate regimes: deeds vs. wordsLevy Yeyati, EduardoSturzenegger, FedericoCiencias Económicastipo de cambiodineroeconomía monetariaMost of the empirical literature on the relative merits of alternative exchange rate regimes uses the IMF de jure classification based on the regime that governments claim to have, abstracting from the fact that many countries that in theory follow flexible regimes intervene in the exchange market to an extent that in practice makes them indistinguishable from fixed rate regimes, and vice versa. To address this problem, in this paper we construct a de facto classification of exchange rate regimes. Using cluster analysis techniques, we group different regimes according to their behavior along three classification dimensions: the nominal exchange rate, changes in the nominal exchange rate, and international reserves. We compare our results with the IMF classification, and discuss the main discrepancies.Departamento de Economía2000-05info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/33939spainfo:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/jemi/2000/trabajo5.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/3.0/Creative Commons Attribution 3.0 Unported (CC BY 3.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T10:58:47Zoai:sedici.unlp.edu.ar:10915/33939Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 10:58:48.088SEDICI (UNLP) - Universidad Nacional de La Platafalse |
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Classifying exchange rate regimes: deeds vs. words |
| title |
Classifying exchange rate regimes: deeds vs. words |
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Classifying exchange rate regimes: deeds vs. words Levy Yeyati, Eduardo Ciencias Económicas tipo de cambio dinero economía monetaria |
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Classifying exchange rate regimes: deeds vs. words |
| title_full |
Classifying exchange rate regimes: deeds vs. words |
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Classifying exchange rate regimes: deeds vs. words |
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Classifying exchange rate regimes: deeds vs. words |
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Classifying exchange rate regimes: deeds vs. words |
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Levy Yeyati, Eduardo Sturzenegger, Federico |
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Levy Yeyati, Eduardo |
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Levy Yeyati, Eduardo Sturzenegger, Federico |
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author |
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Sturzenegger, Federico |
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author |
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Ciencias Económicas tipo de cambio dinero economía monetaria |
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Ciencias Económicas tipo de cambio dinero economía monetaria |
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Most of the empirical literature on the relative merits of alternative exchange rate regimes uses the IMF de jure classification based on the regime that governments claim to have, abstracting from the fact that many countries that in theory follow flexible regimes intervene in the exchange market to an extent that in practice makes them indistinguishable from fixed rate regimes, and vice versa. To address this problem, in this paper we construct a de facto classification of exchange rate regimes. Using cluster analysis techniques, we group different regimes according to their behavior along three classification dimensions: the nominal exchange rate, changes in the nominal exchange rate, and international reserves. We compare our results with the IMF classification, and discuss the main discrepancies. Departamento de Economía |
| description |
Most of the empirical literature on the relative merits of alternative exchange rate regimes uses the IMF de jure classification based on the regime that governments claim to have, abstracting from the fact that many countries that in theory follow flexible regimes intervene in the exchange market to an extent that in practice makes them indistinguishable from fixed rate regimes, and vice versa. To address this problem, in this paper we construct a de facto classification of exchange rate regimes. Using cluster analysis techniques, we group different regimes according to their behavior along three classification dimensions: the nominal exchange rate, changes in the nominal exchange rate, and international reserves. We compare our results with the IMF classification, and discuss the main discrepancies. |
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2000 |
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