Impacts of Exchange Rate Regime Choice on Macroeconomic Performance in Emerging Markets
This paper investigates the impact of exchange rate regime choice on macroeconomic performance after Bretton Woods in emerging market countries. It is studied especially inflation, growth and financial crises. It’s found that for emerging market countries, fixed regimes are associated with lower inf...
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Format: | Article |
Language: | English |
Published: |
Gaziantep University
2008-12-01
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Series: | Gaziantep University Journal of Social Sciences |
Subjects: | |
Online Access: | http://dergipark.gov.tr/jss/issue/24248/257105?publisher=gantep |
Summary: | This paper investigates the impact of exchange rate regime choice on macroeconomic performance after Bretton Woods in emerging market countries. It is studied especially inflation, growth and financial crises. It’s found that for emerging market countries, fixed regimes are associated with lower inflation than floats. On growth effect of exchange rate regime choice is not same all period. Fixed regimes are associated with faster growth but after 1990 fixed regimes brought about slower growth. At the same time, fixed exchange rate regimes are associated with financial fragility after 1990 in emerging markets |
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ISSN: | 2149-5459 |