Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39565
Authors: 
von Hagen, Jürgen
Zhou, Jizhong
Year of Publication: 
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

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