Exchange rate regimes and external financial stability
Financial stability within the framework of the global financial crisis has become a common topic for researchers and practitioners. In order to analyse the impact of exchange rate regimes on financial stability we use both the de jure and de facto exchange rate classifications. We apply th...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics, Belgrade
2016-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0013-3264/2016/0013-32641609027S.pdf |
| _version_ | 1819118336843186176 |
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| author | Stoica Ovidiu Ihnatov Iulian |
| author_facet | Stoica Ovidiu Ihnatov Iulian |
| author_sort | Stoica Ovidiu |
| collection | DOAJ |
| description | Financial stability within the framework of the global financial crisis has
become a common topic for researchers and practitioners. In order to analyse
the impact of exchange rate regimes on financial stability we use both the de
jure and de facto exchange rate classifications. We apply the model to a
1999-2010 annual data sample for 135 countries and territories, grouped by
the level of economic development. Our second focus is the investigation of
the effects of the exchange rate regimes in three economic integration areas
(member countries of the European Union 27, the Southern Common Market, and
the Association of Southeast Asian Nations) on financial stability. Our
results generally support the central banks’ concerns that the flexibility of
exchange rate regimes should be reduced in order to sustain financial
stability; however, the findings are not robust when using alternative regime
classifications. |
| first_indexed | 2024-12-22T05:47:16Z |
| format | Article |
| id | doaj.art-b2e9dbd9af634b9cbee7c016cb08441b |
| institution | Directory Open Access Journal |
| issn | 0013-3264 1820-7375 |
| language | English |
| last_indexed | 2024-12-22T05:47:16Z |
| publishDate | 2016-01-01 |
| publisher | Faculty of Economics, Belgrade |
| record_format | Article |
| series | Ekonomski Anali |
| spelling | doaj.art-b2e9dbd9af634b9cbee7c016cb08441b2022-12-21T18:36:59ZengFaculty of Economics, BelgradeEkonomski Anali0013-32641820-73752016-01-0161209274310.2298/EKA1609027S0013-32641609027SExchange rate regimes and external financial stabilityStoica Ovidiu0Ihnatov Iulian1Alexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration, Iasi, RomaniaAlexandru Ioan Cuza University of Iasi, Faculty of Economics and Business Administration, Iasi RomaniaFinancial stability within the framework of the global financial crisis has become a common topic for researchers and practitioners. In order to analyse the impact of exchange rate regimes on financial stability we use both the de jure and de facto exchange rate classifications. We apply the model to a 1999-2010 annual data sample for 135 countries and territories, grouped by the level of economic development. Our second focus is the investigation of the effects of the exchange rate regimes in three economic integration areas (member countries of the European Union 27, the Southern Common Market, and the Association of Southeast Asian Nations) on financial stability. Our results generally support the central banks’ concerns that the flexibility of exchange rate regimes should be reduced in order to sustain financial stability; however, the findings are not robust when using alternative regime classifications.http://www.doiserbia.nb.rs/img/doi/0013-3264/2016/0013-32641609027S.pdfexchange rate regimesfinancial stabilityeconomic integrationcountry development |
| spellingShingle | Stoica Ovidiu Ihnatov Iulian Exchange rate regimes and external financial stability Ekonomski Anali exchange rate regimes financial stability economic integration country development |
| title | Exchange rate regimes and external financial stability |
| title_full | Exchange rate regimes and external financial stability |
| title_fullStr | Exchange rate regimes and external financial stability |
| title_full_unstemmed | Exchange rate regimes and external financial stability |
| title_short | Exchange rate regimes and external financial stability |
| title_sort | exchange rate regimes and external financial stability |
| topic | exchange rate regimes financial stability economic integration country development |
| url | http://www.doiserbia.nb.rs/img/doi/0013-3264/2016/0013-32641609027S.pdf |
| work_keys_str_mv | AT stoicaovidiu exchangerateregimesandexternalfinancialstability AT ihnatoviulian exchangerateregimesandexternalfinancialstability |