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A driver currency hypothesis

Author

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  • Wang, P.J.

Abstract

The paper puts forward a driver currency hypothesis and assesses the driver currency effect empirically. The results are supportive.

Suggested Citation

  • Wang, P.J., 2013. "A driver currency hypothesis," Economics Letters, Elsevier, vol. 118(1), pages 60-62.
    • Handle: RePEc:eee:ecolet:v:118:y:2013:i:1:p:60-62
    DOI: 10.1016/j.econlet.2012.09.020
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    References listed on IDEAS

    as
    1. Dubas, Justin M. & Lee, Byung-Joo & Mark, Nelson C., 2010. "A multinomial logit approach to exchange rate policy classification with an application to growth," Journal of International Money and Finance, Elsevier, vol. 29(7), pages 1438-1462, November.
    2. Meissner, Christopher M. & Oomes, Nienke, 2009. "Why do countries peg the way they peg? The determinants of anchor currency choice," Journal of International Money and Finance, Elsevier, vol. 28(3), pages 522-547, April.
    3. Carmen M. Reinhart & Kenneth S. Rogoff, 2004. "The Modern History of Exchange Rate Arrangements: A Reinterpretation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(1), pages 1-48.
    4. Mr. Jonathan David Ostry & Ms. Anne Marie Gulde & Mr. Atish R. Ghosh & Holger C. Wolf, 1995. "Does the Nominal Exchange Rate Regime Matter?," IMF Working Papers 1995/121, International Monetary Fund.
    5. Heller, H Robert, 1978. "Determinants of Exchange Rate Practices," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 10(3), pages 308-321, August.
    6. Holden, Paul & Holden, Merle & Suss, Esther C, 1979. "The Determinants of Exchange Rate Flexibility: An Empirical Investigation," The Review of Economics and Statistics, MIT Press, vol. 61(3), pages 327-333, August.
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    Cited by:

    1. Alan King, 2021. "The triangular purchasing power parity hypothesis: A comment," The World Economy, Wiley Blackwell, vol. 44(3), pages 837-848, March.

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    More about this item

    Keywords

    Exchange rate; Driver currency; Anchor currency;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance

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