Determinants of Latin American exchange rate regimes

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Publication Type Journal Article
School or College College of Social & Behavioral Science
Department Economics
Creator Jameson, Kenneth P.
Other Author Piragic, Sanjin
Title Determinants of Latin American exchange rate regimes
Date 2005
Description The experience of the last thirty years suggests that a wide range of factors affects policymakers' choice of exchange rate regime. The initial explanation was that changes in the international sphere dominated domestic policies and strongly influenced how governments decided among the trade-offs. More recently, domestic political factors' influence on the choice of exchange rate regimes have been emphasized, providing detailed and rich insights into the dynamics of the choice. Neither approach has been entirely successful. Both internal and external factors must be taken into account. This article builds on previous empirical work and takes into account domestic and international influences on the choice of exchange rate regimes in Latin America between 1964 and 1996. In, addition, we highlight a variety of "interactions", choices of economic policy that are affected by both national and international pressures and that, in turn, influence the choice of exchange rate regime. The empirical model uses multinomial ordered logit analysis to determine the factors in exchange rate determination and to compare the explanatory of the models with and without the interaction variables.
Type Text
Publisher Taylor & Francis (Routledge)
Volume 37
Issue 13
First Page 1465
Last Page 1474
Subject Monetary policy; Exchange rate regimes
Subject LCSH Foreign exchange rates; Economic policy
Language eng
Bibliographic Citation Piragic, S. & Jameson, K. P. (2005). Determinants of Latin American exchange rate regimes, Applied Economics, 37(13), 1465-74.
Rights Management (c)Taylor & Francis
Format Medium application/pdf
Format Extent 188,776 Bytes
Identifier ir-main,1178
ARK ark:/87278/s63f5715
Setname ir_uspace
Date Created 2012-06-13
Date Modified 2012-06-13
ID 704607
Reference URL https://collections.lib.utah.edu/ark:/87278/s63f5715
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