Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

Thomson Routers Master List

De Gryuter Poland

Ebsco

Proquest

CEJSH

Google Scholar

Index Copernicus Journal Master List

Polska Bibliografia Naukowa

BazEkon

Volume 4 (18) Number 4 pp. 46-63

Michał Jurek

Poznań University of Economics and Business, Faculty of Economics, Department of Money and Banking

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

Abstract:

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.

pub/2018_4_46.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume18/issue4/2018_4_46.pdf
Keywords: bipolar view, exchange rate regimes, monetary policy, vanishing interim regime hypothesis

DOI: 10.18559/ebr.2018.4.3

For citation:

MLA Jurek, Michał. "Choosing the exchange rate regime – a case for intermediate regimes for emerging and developing economies." Economics and Business Review EBR 18.4 (2018): 46-63. DOI: 10.18559/ebr.2018.4.3
APA Jurek, M. (2018). Choosing the exchange rate regime – a case for intermediate regimes for emerging and developing economies. Economics and Business Review EBR 18(4), 46-63 DOI: 10.18559/ebr.2018.4.3
ISO 690 JUREK, Michał. Choosing the exchange rate regime – a case for intermediate regimes for emerging and developing economies. Economics and Business Review EBR, 2018, 18.4: 46-63. DOI: 10.18559/ebr.2018.4.3