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Credibility and Discipline Effects of Exchange Rates as Nominal Anchors: The Need to Distinguish Temporary from Permanent Pegs

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  • Thomas D. Willett

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  • Thomas D. Willett, 1998. "Credibility and Discipline Effects of Exchange Rates as Nominal Anchors: The Need to Distinguish Temporary from Permanent Pegs," The World Economy, Wiley Blackwell, vol. 21(6), pages 803-826, August.
  • Handle: RePEc:bla:worlde:v:21:y:1998:i:6:p:803-826
    DOI: 10.1111/1467-9701.00164
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    Cited by:

    1. Marjan Petreski, 2008. "To Fix Or To Float From Perspective Of Output Volatility And Vulnerability To Crisis," Journal Articles, Center For Economic Analyses, pages 9-24, June.
    2. Kurokawa, Yoshinori & Pang, Jiaren & Tang, Yao, 2016. "Exchange rate regimes and wage comovements in a Ricardian model with money," Journal of International Economics, Elsevier, vol. 102(C), pages 96-109.
    3. Jean-Louis Combes & Romain Veyrune, 2004. "Effet de discipline et effet de crédibilité de l’ancrage nominal," Revue d'Économie Financière, Programme National Persée, vol. 75(2), pages 55-69.
    4. S. Rajan, Ramkishen, 2010. "The Evolution and Impact of Asian Exchange Rate Regimes," ADB Economics Working Paper Series 208, Asian Development Bank.
    5. Graham Bird & Ramkishen Rajan, 2002. "Optimal currency baskets and the third currency phenomenon: exchange rate policy in Southeast Asia," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(8), pages 1053-1073.
    6. Thomas Gehrig & Lukas Menkhoff, 2005. "The Rise of Fund Managers in Foreign Exchange:Will Fundamentals Ultimately Dominate?," The World Economy, Wiley Blackwell, vol. 28(4), pages 519-540, April.
    7. Apanard P. Angkinand & Thomas D. Willett, 2011. "Exchange rate regimes and banking crises: the channels of influence investigated," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 16(3), pages 256-274, July.
    8. Romain Veyrune, 2004. "Les caisses d’émission modernes sont-elles orthodoxes ?," Revue d'Économie Financière, Programme National Persée, vol. 75(2), pages 71-84.
    9. Brumm, Harold J, 2000. "Inflation and Central Bank Independence: Conventional Wisdom Redux," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(4), pages 807-819, November.

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