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An Analysis of Exchange Rate Regime Duration

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  • Hossain, Monzur

Abstract

The analysis of mean duration of exchange rate regime reveals that overall durability of regimes has been declining since the 1970s. The durability of intermediate regimes has decreased to the lowest in the 1990s than those in the 1970s and 1980s, which provides a basis for the hollowing out hypothesis. The changing pattern of regime distribution might be associated with the changing pattern of developmental stage.

Suggested Citation

  • Hossain, Monzur, 2010. "An Analysis of Exchange Rate Regime Duration," MPRA Paper 24869, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:24869
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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2004. "The Modern History of Exchange Rate Arrangements: A Reinterpretation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(1), pages 1-48.
    2. Masson, Paul R., 2001. "Exchange rate regime transitions," Journal of Development Economics, Elsevier, vol. 64(2), pages 571-586, April.
    3. Lawrence H. Summers, 2000. "International Financial Crises: Causes, Prevention, and Cures," American Economic Review, American Economic Association, vol. 90(2), pages 1-16, May.
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    More about this item

    Keywords

    Exchange rate regime duration; developmental stage;

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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