Le choix d'un régime de change dans les pays émergents et en développement peut-il être optimal en dehors des solutions bipolaires ?
AbstractThis paper studies the choice of the exchange rate regime in emerging and developing countries. Our model extends the approach proposed by Aizenman and Hausmann  in order to introduce the main determinants of the exchange rate regime choice. The model is tested with a multinomial logit approach on a sample including emerging and developing countries. We determine the probability of occurrence of a given exchange rate regime by taking into account the determinants from the theoretical model. Overall, our results suggest that intermediate regimes remain well adapted to developing and emerging countries. Classification JEL : F33 ; F41
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 62 (2011)
Issue (Month): 2 ()
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Other versions of this item:
- Jean-Pierre Allégret & Mohamed Ayadi & Leila Haouaoui Khouni, 2008. "Le choix d’un régime de change dans les pays émergents et en développement peut-il être optimal en dehors des solutions bi-polaires ?," Working Papers 0819, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
- Jean-Pierre Allegret & Mohamed Ayadi & Leila Haouaoui Khouni, 2008. "Le choix d'un régime de change dans les pays émergents et en développement peut-il être optimal en dehors des solutions bi-polaires ?," Post-Print halshs-00303718, HAL.
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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