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150128 ||| eng |
| 020 |
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|a 9781451856705
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| 100 |
1 |
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|a Liang, Hong
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| 245 |
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|a Real Exchange Rate Volatility
|b Does the Nominal Exchange Rate Regime Matter?
|c Hong Liang
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1998
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| 300 |
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|a 38 pages
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| 651 |
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4 |
|a United Kingdom
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| 653 |
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|a International Monetary Arrangements and Institutions
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| 653 |
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|a Exchange rate arrangements
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| 653 |
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|a Open Economy Macroeconomics
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| 653 |
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|a Currency
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a Exchange rate flexibility
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| 653 |
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|a Real exchange rates
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| 653 |
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|a Exchange rates
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| 653 |
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|a Exchange rate analysis
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| 653 |
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|a Foreign exchange
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451856705.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/1998/147/001.1998.issue-147-en.xml?cid=2763-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a A recent study by Grilli and Kaminsky (1991) argues that real exchange rate (RER) behavior is likely to be dependent on the particular historical period rather than on the nominal exchange rate arrangement itself. This paper reexamines RER behavior using alternative data sets, as well as different econometric methods, over the period 1880-1997. It finds strong evidence supporting the nonneutrality hypothesis of nominal exchange regime on RER volatility. Also, regime shifts play an important role in determining the persistence of shocks to the RER.
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