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Are consistent pegs really more prone to currency crises?
https://kobe-cufs.repo.nii.ac.jp/records/1361
https://kobe-cufs.repo.nii.ac.jp/records/1361f1a2701e-e170-4ee0-b325-1cb6ebd23510
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
ダウンロード (2.4 MB)
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| Item type | 研究報告書 / Research Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2012-09-25 | |||||
| タイトル | ||||||
| タイトル | Are consistent pegs really more prone to currency crises? | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Exchange rate regimes | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Currency crises | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Consistent pegs | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Self-selection bias | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Matching estimators | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18ws | |||||
| 資源タイプ | research report | |||||
| 著者 |
Esaka, Taro
× Esaka, Taro |
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| 著者所属機関 | ||||||
| 値 | Kobe City University of Foreign studies | |||||
| 雑誌名 |
en : Kobe city university of foreign studies working paper series 号 44, p. 1-25, 発行日 2012-09-25 |
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| 出版者 | ||||||
| 出版者 | Institute for foreign studies Kobe city university of foreign studies | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This paper empirically evaluates the treatment effect of consistent pegs (i.e., the policy that countries claim to have pegged regimes and actually adopt the announced pegged regimes) on the occurrence of currency crises to examine whether consistent pegs are indeed more prone to currency crises than other regimes. To estimate the treatment effect of consistent pegs properly, we must carefully control for the self-selection problem of regime adoption because a country's exchange rate regime choice is non-random. We thus use matching estimators as a control for the self-selection problem. We find interesting and robust evidence that consistent pegs significantly decrease the probability of currency crises compared with other exchange rate policies. | |||||
| 分類 | ||||||
| 値 | JEL classification: F31;F33 | |||||
| 著者版フラグ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
