Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85836
Authors: 
van Foreest, Pieter W.
de Vries, Casper G.
Year of Publication: 
2002
Series/Report no.: 
Tinbergen Institute Discussion Paper 02-010/2
Abstract: 
This paper provides evidence that the choice of the foreign exchange regime is not of first order importance for achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate stability hinges on the current and anticipated coherency of monetary and fiscal policies. We demonstrate this empirically on a panel including potential EMU accession countries. By means of rank regression analysis we uncover the partial links across the regime specifics of the representative country versus the German regime during the 1990s.
Subjects: 
Exchange Rate Regime
Growth
EMU
CEECs
Document Type: 
Working Paper

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