Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
965530 | Journal of Macroeconomics | 2012 | 19 Pages |
Abstract
⺠Examines the role of exchange rate regime in explaining emerging markets' growth during the crisis. ⺠Controls for regime switches, uses alternative peg definitions, and includes other determinants. ⺠Growth for pegs was not different from that of floats during the crisis. ⺠For the recovery period 2010-2011, pegs appear to be faring worse than floats. ⺠Both trade and financial channels matter during the crisis; trade channel matters for the recovery.
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Authors
Charalambos G. Tsangarides,