1 option
The Endogeneity of Exchange Rate Regimes / Barry Eichengreen.
- Format:
- Book
- Author/Creator:
- Eichengreen, Barry.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4361.
- NBER working paper series no. w4361
- Language:
- English
- Subjects (All):
- Foreign exchange rates--Econometric models.
- Foreign exchange rates.
- Foreign exchange administration.
- Debts, Public.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1993.
- Cambridge, Mass. : National Bureau of Economic Research, 1993.
- Summary:
- The international monetary system has passed through a succession of phases characterized alternatively by the dominance of fixed and flexible exchange rates. How are these repeated shifts between fixed and flexible rate regimes to be understood? The present paper specifies and tests six hypotheses with the capacity to explain the alternating phases of fixed and flexible exchange rates into which the last century can be partitioned. The evidence provides support for a number of the hypotheses considered. In this sense it confirms that monocausal explanations are unlikely to provide an adequate account of the endogeneity of exchange rate regimes.
- Notes:
- Print version record
- May 1993.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.