Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/1298
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Campo DC | Valor | Idioma |
---|---|---|
dc.contributor.author | Francisco, Manuela | - |
dc.contributor.author | Bleaney, Michael | - |
dc.date.accessioned | 2005-04-27T15:56:13Z | - |
dc.date.available | 2005-04-27T15:56:13Z | - |
dc.date.issued | 2003 | - |
dc.identifier.uri | https://hdl.handle.net/1822/1298 | - |
dc.description.abstract | Previous research has suggested that pegged exchange rates are associated with lower inflation than floating rates. In which direction does the causality run? Using data from a large sample of developing countries from 1984 to 2000, we confirm that "hard" pegs (currency boards or a shared currency) reduce inflation and money growth. There is no evidence that "soft" pegs confer any monetary discipline. The choice between soft pegs and floats is determined by inflation: when inflation is low, pegs tend to be chosen and sustained, and when inflation is high, either floats are chosen or there are frequent regime switches. | eng |
dc.language.iso | eng | eng |
dc.relation.ispartofseries | Working paper series / NIPE | eng |
dc.relation.ispartofseries | 4 | eng |
dc.rights | openAccess | eng |
dc.title | Exchange rate regimes and monetary discipline - only hard pegs make a difference | eng |
dc.type | workingPaper | eng |
dc.subject.jel | F41 | - |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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mf_paper.pdf | 265,33 kB | Adobe PDF | Ver/Abrir |