TO FIX OR TO FLOAT FROM PERSPECTIVE OF OUTPUT VOLATILITY AND VULNERABILITY TO CRISIS

Journal Articles, 2008, 9-24

Abstract: The aim of this paper is to offer some less-explored theoretical insights into the exchange rate economics. The debate of whether to fix or to float is still lively, even in the context of output volatility under alternative exchange rate regimes; specifically, the effect of the exchange rate regime on output volatility remains unclear. The very scarce number of studies found divergent results: none of those are overwhelming and none give clear notion of how the regime affects output volatility. The latter might be due to the fact that the exchange-rate regime is not related to output volatility neither, but also due to the fact that the very limited number of studies on this issue do not comprehend it in a coherent and serious manner. Consequently, the issue remains and empirical problem and asks for further empirical investigation.

Keywords: exchange rate regime; output volatility; peg exit (search for similar items in EconPapers)
JEL-codes: E42 F31 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://journal.cea.org.mk/files/journals/1/articles/58/public/58-213-1-PB.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cmk:journl:y:2008:p:9-24

Access Statistics for this article

More articles in Journal Articles from Center For Economic Analyses Contact information at EDIRC.
Bibliographic data for series maintained by Marjan Nikolov ().