Inflation targeting and exchange rate regimes in emerging markets /

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Bibliographic Details
Author / Creator:Ebeke, Christian, (IMF staff), author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2015.
Description:1 online resource (36 pages) : color illustrations.
Language:English
Series:IMF working paper ; WP/15/228
IMF working paper ; WP/15/228.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12504797
Hidden Bibliographic Details
Other authors / contributors:Fouejieu A., Armand, (IMF staff), author.
International Monetary Fund. European Department.
ISBN:1513586262
9781513586267
ISSN:1018-5941
Notes:"October 2015."
"European Department."
Includes bibliographical references (pages 28-29).
Online resource; title from pdf title page (IMF.org Web site, viewed November 2, 2015).
Summary:This paper investigates the effects of the adoption of inflation targeting (IT) on the choice of exchange rate regime in emerging markets (EMs), conditional on certain macroeconomic conditions. Using a large sample of EMs and after controlling for the selection bias associated with the adoption of IT, we find that IT countries on average have a relatively more flexible exchange rate regime than other EMs. However, the flexibility of the exchange rate regime shows strong heterogeneity among IT countries depending on their degree of openness and exposure to FX risks. Moreover, we find that the marginal effect of IT adoption on the exchange rate flexibility increases with the duration of the IT regime in place, and with the propensity scores to adopt it. --Abstract.
Standard no.:10.5089/9781513586267.001

MARC

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300 |a 1 online resource (36 pages) :  |b color illustrations. 
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500 |a "European Department." 
504 |a Includes bibliographical references (pages 28-29). 
520 |a This paper investigates the effects of the adoption of inflation targeting (IT) on the choice of exchange rate regime in emerging markets (EMs), conditional on certain macroeconomic conditions. Using a large sample of EMs and after controlling for the selection bias associated with the adoption of IT, we find that IT countries on average have a relatively more flexible exchange rate regime than other EMs. However, the flexibility of the exchange rate regime shows strong heterogeneity among IT countries depending on their degree of openness and exposure to FX risks. Moreover, we find that the marginal effect of IT adoption on the exchange rate flexibility increases with the duration of the IT regime in place, and with the propensity scores to adopt it. --Abstract. 
588 0 |a Online resource; title from pdf title page (IMF.org Web site, viewed November 2, 2015). 
650 0 |a Inflation targeting  |z Developing countries  |x Econometric models. 
650 0 |a Foreign exchange rates  |z Developing countries  |x Econometric models. 
650 0 |a Exchange rate pass-through  |z Developing countries  |x Econometric models. 
650 0 |a Debts, External  |z Developing countries  |x Econometric models. 
650 7 |a Debts, External  |x Econometric models.  |2 fast  |0 (OCoLC)fst00888832 
650 7 |a Foreign exchange rates  |x Econometric models.  |2 fast  |0 (OCoLC)fst00931818 
651 7 |a Developing countries.  |2 fast  |0 (OCoLC)fst01242969 
650 7 |a All Countries.  |2 imf 
650 7 |a Central bank.  |2 imf 
650 7 |a Exchange Rate Regime.  |2 imf 
650 7 |a Exchange rate.  |2 imf 
650 7 |a General.  |2 imf 
650 7 |a Globalization: General.  |2 imf 
651 7 |a Bulgaria.  |2 imf 
651 7 |a Chile.  |2 imf 
651 7 |a China, People's Republic of.  |2 imf 
651 7 |a Israel.  |2 imf 
651 7 |a Morocco.  |2 imf 
700 1 |a Fouejieu A., Armand,  |e (IMF staff),  |e author.  |0 http://id.loc.gov/authorities/names/no2013011318 
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