Does the Nominal Exchange Rate Regime Matter?

Does the Nominal Exchange Rate Regime Matter?
The effect of the exchange rate regime on inflation and growth is examined. The 30-year data set includes over 100 countries and nine regime types. Pegged regimes are associated with lower inflation than intermediate or flexible regimes. This anti-inflationary benefit reflects lower money supply growth (a discipline effect) and higher money... READ MORE...

Publication date: November 1995
ISBN 9781451854329
$15.00

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