Currency Misalignments in emerging and developing countries: reassessing the role of Exchange Rate Regimes - Archive ouverte HAL
Communication Dans Un Congrès Année : 2017

Currency Misalignments in emerging and developing countries: reassessing the role of Exchange Rate Regimes

Cécile Couharde
Carl Grekou
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Résumé

This paper re-examines empirically the relationship between exchange rate regimes and currency misalignments in emerging and developing countries. Using alternative de facto exchange rate regime classifications over the period 1980-2012, it finds strong evidence that performance of exchange rate regimes is conditional on the de facto classification. In particular, this paper shows that the effect of monetary arrangements on currency misalignments depends critically on the ability of these classification schemes to capture adequately dysfunctional monetary regimes.
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Dates et versions

hal-01589222 , version 1 (18-09-2017)

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  • HAL Id : hal-01589222 , version 1

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Cécile Couharde, Carl Grekou. Currency Misalignments in emerging and developing countries: reassessing the role of Exchange Rate Regimes. 34th Symposium in Money Banking and Finance , 2017, Nanterre, Unknown Region. ⟨hal-01589222⟩
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