• English
    • Welsh
  • English 
    • English
    • Welsh
  • Login
Search DSpace:
  • Home
  • Research at Cardiff Met
  • Library Services
  • Contact Us
View item 
  • DSpace home
  • Cardiff School of Management
  • Welsh Centre for Business and Management Research
  • View item
  • DSpace home
  • Cardiff School of Management
  • Welsh Centre for Business and Management Research
  • View item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Does the choice of exchange rate regime affect the economic growth of developing countries?

Thumbnail
Author
De Vita, Glauco
Kyaw, Sandy
Date
2011
Type
Article
Publisher
Tennessee State University College of Business
Metadata
Show full item record
Abstract
This paper revisits, empirically, the question of whether the choice of exchange rate regime (floating currency, fixed rate or intermediate arrangement) has a direct effect on the long-term growth of developing countries. We use fixed effects panel estimation on a relatively large sample of 70 developing countries for the period 1981 to 2004. In addition to controlling for the level of income of these economies, we draw from alternative exchange rate regime classification schemes and account for the presence of an explicit monetary anchor to characterize policy. Our results indicate the absence of any robust relation between the choice of exchange rate regime and economic growth. The policy implication of these findings is clear. The choice of exchange rate policy has no direct impact on the long-term growth of developing countries.
Journal/conference proceeding
Journal of Developing Areas
Citation
Kyaw, S. and De Vita, G. (2011) "Does the choice of exchange rate regime affect the economic growth of developing countries?" Journal of Developing Areas, 45 (1), 135-153.
URI
http://dx.doi.org/10.1353/jda.2011.0011
http://hdl.handle.net/10369/3335
Description
Full text not available from this repository. Follow the enclosed URI link to the location of the full text.
Collections
  • Welsh Centre for Business and Management Research [219]

Related items

Showing items related by title, author, subject and abstract.

  • Thumbnail

    The relationship between exchange rates and stock prices 

    Mozumder, Nurul (Cardiff Metropolitan University, 2013)
    The relationship between exchange rates and stock prices is examined in three independent but inter-connected studies. The original contribution of first study is the finding that interest rates have a significant non-liner ...
  • Thumbnail

    The evolution of biomedical Sciences in Europe: historical explanation and future prospects 

    Munro, Robert Ian (Cardiff Metropolitan University, 2001)
    This work seeks to identify those factors that have influenced the development of the professional group of workers associated with medical laboratory sciences. It has also examined the features that have both encouraged ...
  • Thumbnail

    Foreign Capital Flows and Economic Growth: A Cross Country Panel Analysis 

    Ahmed, Md. Murad (Cardiff Metropolitan University, 2018)
    Remittances, foreign direct investment (FDI), official development assistance (ODA) and long-term net private foreign currency loans (NPF) have dynamic impact to change a country’s economic growth. These forms of inward ...

Browse

DSpace at Cardiff MetCommunities & CollectionsBy issue dateAuthorsTitlesSubjectsThis collectionBy issue dateAuthorsTitlesSubjects

My Account

Login

Statistics

Most Popular ItemsStatistics by CountryMost Popular Authors

DSpace software copyright © 2002-2015  DuraSpace
Contact us | Send feedback | Administrator