Journal article
Classifying international aspects of currency regimes
Journal of financial economic policy, v 3(4), pp 288-303
01 Jan 2011
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
Purpose - There has been significant interest in the classification of exchange rate regimes in order to investigate a wide range of hypotheses. Studies of the effects of exchange rate regimes on crises and other aspects of economic performance can have important implications for policy choices. The paper provides a guide to the major new large data sets that classify exchange rate regimes and to critically analyze important methodological issues.
Design/methodology/approach - The study surveys and critiques the literature and provides theoretical analysis of major issues involved in classifying exchange rate regimes.
Findings - The study finds that all of the new data sets have problems but some have more problems than others and several of them are substantial improvements on what was previously available. It is also shown that the best ways to classify depend on the issue being addressed and that for detailed studies variants of measures using the concept of exchange market pressure are the most promising. Directions for future research are also discussed.
Originality/value - The paper makes researchers aware of the new data sets that are available and discusses their strengths and weaknesses. It also presents original analysis of several of the major conceptual issues involved in classifying exchange rate regimes.
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Details
- Title
- Classifying international aspects of currency regimes
- Creators
- Thomas Willett - Claremont McKenna CollegeEric M. P. Chiu - National Chung Hsing UniversitySirathorn (B. J. ) Dechsakulthorn - DLA Piper, Los Angeles, CA USARamya Ghosh - Drexel UniversityBernard Kibesse - Claremont Graduate UniversityKenneth Kim - Claremont Graduate UniversityJeff (Yongbok) Kim - Bank of KoreaAlice Ouyang - Central University of Finance and Economics
- Publication Details
- Journal of financial economic policy, v 3(4), pp 288-303
- Publisher
- Emerald Group Publishing
- Number of pages
- 16
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Radiation Oncology (and Nuclear Medicine); Medicine (Graduate)
- Web of Science ID
- WOS:000214803000002
- Other Identifier
- 991019168705304721
UN Sustainable Development Goals (SDGs)
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Economics