The Choice of Exchange Rate Regimes in the MENA Countries: a Probit Analysis
AbstractThis paper analysis the choice of exchange regimes of 17 economies in the MENA region for the period 1990-2000. For this purpose we use both de jure and de facto regime classifications and estimate a series of binomial and multinomial probit models. Regressions results highlight the important influence of economic development and international reserve levels on exchange regime selection.
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Bibliographic InfoPaper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number wp899.
Date of creation: 01 Nov 2007
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Exchange regime choice; MENA countries; probit model;
Find related papers by JEL classification:
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
This paper has been announced in the following NEP Reports:
- NEP-AFR-2008-06-07 (Africa)
- NEP-ALL-2008-06-07 (All new papers)
- NEP-IFN-2008-06-07 (International Finance)
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