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An empirical assessment of exchange arrangements and inflation performance

Turkish Economic Review

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Title An empirical assessment of exchange arrangements and inflation performance
 
Creator CRUZ-RODRIGUEZ, Alexis; Pontificia Universidad Católica Madre y Maestra
 
Subject Exchange rate regimes; Inflation.
E31; F31; F33.
 
Description Abstract. This article provides empirical support for the hypothesis that different exchange rate regimes have an impact on inflation in advanced, emerging and developing countries. The effects of different exchange rate regimes on inflation performance are examined through least squares dummy variables regressions using panel data on 125 countries for the post-Bretton Woods (1974-1999) period. Also, this article addresses the issue of measurement errors in the classification of exchange rate regimes by using four different classification schemes. Three de facto and one de jure classifications are used. Consequently, the sensitivity of these results to alternative exchange rate classifications is also tested. The empirical findings indicate that countries with fixed regimes tend to have a lower inflation rate compared to floating and intermediate exchange rate regimes, particularly in emerging and developing countries.Keywords. Exchange rate regimes, Inflation.JEL. E31, F31, F33.
 
Publisher Turkish Economic Review
Turkish Economic Review
 
Contributor —
 
Date 2018-07-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/TER/article/view/1661
10.1453/ter.v5i2.1661
 
Source Turkish Economic Review; Vol 5, No 2 (2018): June; 136-149
Turkish Economic Review; Vol 5, No 2 (2018): June; 136-149
2149-0414
 
Language eng
 
Relation http://www.kspjournals.org/index.php/TER/article/view/1661/1643
 
Rights Copyright (c) 2018 Turkish Economic Review
http://creativecommons.org/licenses/by-nc/4.0