How Central and Eastern European Countries Choose Exchange Rate Regimes
In this study, we identify the main determinants of the exchange rate regime choices in Central and Eastern European countries (CEECs). For this purpose, we use an ordered logit model for the official (de jure) and the actual (de facto) exchange rate classifications. We find that trade openness and concentration, inflation differentials, international reserves stocks and financial conditions are the main determinants of the selection of exchange rate regimes in the CEECs.
Volume (Year): (2006)
Issue (Month): 2 ()
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