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The Choice of Exchange Rate Regimes in the MENA Countries: a Probit Analysis

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  • Sfia Daly

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Abstract

This 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.

Suggested Citation

  • Sfia Daly, 2007. "The Choice of Exchange Rate Regimes in the MENA Countries: a Probit Analysis," William Davidson Institute Working Papers Series wp899, William Davidson Institute at the University of Michigan.
  • Handle: RePEc:wdi:papers:2007-899
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    References listed on IDEAS

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    21. repec:hrv:faseco:34721963 is not listed on IDEAS
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    Cited by:

    1. Omar Bakkou, 2014. "The Suitable Exchange Rate Regime for the Moroccan Economy," International Journal of Economics and Financial Issues, Econjournals, vol. 4(3), pages 612-621.

    More about this item

    Keywords

    Exchange regime choice; MENA countries; probit model;

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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