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Zentrum für Europäische Integrationsforschung (ZEI), Universität Bonn >
ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn >
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http://hdl.handle.net/10419/39565
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| Title: | | The choice of exchange rate regimes in developing countries: A mulitnominal panal analysis  |
| Authors: | | von Hagen, Jürgen Zhou, Jizhong |
| Issue Date: | | 2004 |
| Series/Report no.: | | ZEI working paper B 32-2004 |
| Abstract: | | This paper analyses the choices of exchange rate regimes in developing countries since 1980. Static and dynamic random-effects multinominal panel models are estimated using simulation-based techniques. Explanatory variables include OCA fundamentals, stabilization considerations, currency crises factors, and political and institutional features. The results reveal strong state dependence in regime choices. |
| Subjects: | | exchange rate regimes developing country multinomial logit model static and dynamic panel simulation |
| JEL: | | F33 F41 C25 |
| Document Type: | | Working Paper |
| Appears in Collections: | | ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn
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