Choosing the exchange rate regime–a case for intermediate regimes for emerging and developing economies

Michał Jurek


The main objective of the paper is to verify the vanishing interim regime hypothesis (so-called bipolar view) and to analyse factors that may influence the probability of use of intermediate exchange rate regimes, especially in emerging and developing economies. In order to accomplish the research objectives the evolution of exchange rate regimes is presented with the special consideration of decisions of IMF member states in this respect. Next a logistic regression model that estimates the probability of use of an intermediate regime is applied. The results achieved allow a challenge to the vanishing interim regime hypothesis. Empirical observations support this hypothesis only in advanced countries and not in their emerging and developing peers.
Author Michał Jurek (WE / KB)
Michał Jurek,,
- Department of Banking
Journal seriesEconomics and Business Review, [Poznan University of Economics Review], ISSN 2392-1641, e-ISSN 2450-0097, [1643-5877], (B 15 pkt)
Issue year2018
Vol4 (18)
Publication size in sheets0.85
Keywords in Englishbipolar view, exchange rate regimes, monetary policy, vanishing interim regime hypothesis
Languageen angielski
2018_4_46.pdf 328.88 KB
Score (nominal)15
Score sourcejournalList
ScoreMinisterial score = 15.0, 23-03-2020, ArticleFromJournal
Publication indicators WoS Citations = 0
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