Subject: Exchange rate regime; economic growth | Econometría | Desarrollo económico | Economía internacional
jel: jel:F31 | jel:E42
Based on a dataset of 123 economies, this paper empirically investigates the relation between exchange-rate regimes and economic growth. We find that growth performance is best under intermediate exchange rate regimes, while the smallest growth rates are associated with... View more
Bailliu, J., Lafrance, R. and Perrault, J. F. (2003) Does exchange rate policy matter for growth?, International Finance, 6, 381-414.
Dornbusch, R. (2001) “Fewer monies better monies, Discussion on exchange rates and the choice of monetary-policy regimes, The American Economic Review, 91, 238-242.
De Grauwe, P. and Schnabl, G. (2004) Exchange rates regimes and macroeconomic stability in Central and Eastern Europe, Working Paper 1182, CESifo, Munich..
Edwards, S. and Levy-Yeyati, E. L. (2003) Flexible exchange rates as shock absorbers, European Economic Review, 49, 2079-2105.
Friedman, M. (1953) The case for flexible exchange rates, in Essays in Positive Economics, M. Friedman, University of Chicago Press, Chicago, pp. 157-203 Ghosh , A., Gulde, A. and Wolf, H. (2002) Exchange Rate Regimes: Choices and Consequences, MIT Press, Cambridge, Massachusetts.
Ilzetzki, E. O., Reinhart, C. M., Rogoff, K. S. (2011) Exchange rate arrangements entering the 21st century: Which anchor will hold? Unpublished; University of Maryland and Harvard University.
Mundell, R. A. (1995) Exchange rate systems and economic growth, Rivista di Politica Economica, 83, 3-36.
Obstfeld, M. and Rogoff, K. (2000) New directions for stochastic open economy models, Journal of International Economics, 50, 117-153.
Petreski, M. (2009) Exchange-rate regime and economic growth: A review of the theoretical and empirical literature, Economics. Discussion Paper No. 2009-31, Kiel Institute for the World Economy, Kiel.
Reinhart, C. M., Rogoff, K. S. (2004) The modern History of exchange rate arrangements: A reinterpretation, Quarterly Journal of Economics, 119, 1-48.