Since 2014
Exchange Arrangements and Currency Crises: What´s the matter with the exchange rate classification?
Journal of Economics and Political Economy
View Archive Info| Field | Value | |
| Title |
Exchange Arrangements and Currency Crises: What´s the matter with the exchange rate classification?
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| Creator |
CRUZ-RODRIGUEZ, Alexis; Pontificia Universidad Católica Madre y Maestra, Av. Abraham Lincoln Esq. Rómulo Betancourt, Ensanche La Julia, Santo Domingo, Dominican Republic
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| Subject |
Exchange rate regimes; Currency crises; Speculative attacks.
F31; F33. |
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| Description |
Abstract. The purpose of this paper is to empirically investigate whether certain exchange rate arrangements are more prone to currency crises using a probit model. We define a currency crisis as a period characterised by the presence of intense foreign exchange market pressure. The definition is based on a foreign exchange market pressure index (MPI). If the value of the MPI is above a certain threshold, we define that period as a crisis state; otherwise the period is defined as a tranquil state. The definition of currency crises used in this paper focuses on discrete events.Keywords. Exchange rate regimes, currency crises, speculative attacks.JEL. F10, F31, F32.
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| Publisher |
Journal of Economics and Political Economy
Journal of Economics and Political Economy |
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| Contributor |
—
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| Date |
2016-06-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEPE/article/view/859
10.1453/jepe.v3i2.859 |
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| Source |
Journal of Economics and Political Economy; Vol 3, No 2 (2016): June; 377-392
Journal of Economics and Political Economy; Vol 3, No 2 (2016): June; 377-392 2148-8347 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEPE/article/view/859/862
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/859/375 http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/859/376 http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/859/377 |
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| Rights |
Copyright (c) 2016 Journal of Economics and Political Economy
http://creativecommons.org/licenses/by-nc/4.0 |
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