Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/1737
Full metadata record
DC FieldValueLanguage
dc.contributor.authorTamgaç, Ünay-
dc.date.accessioned2019-07-08T13:24:02Z
dc.date.available2019-07-08T13:24:02Z
dc.date.issued2013-10
dc.identifier.citationTamgac, U. (2013). Duration of fixed exchange rate regimes in emerging economies. Journal of International Money and Finance, 37, 439-467.en_US
dc.identifier.issn0261-5606
dc.identifier.urihttps://doi.org/10.1016/j.jimonfin.2013.06.015-
dc.identifier.urihttps://hdl.handle.net/20.500.11851/1737-
dc.description.abstractThis paper examines the duration of fixed exchange rate regimes and investigates whether there is a certain pattern of time dependence in the survival rate of pegged exchange rate regimes for emerging economies. We query why some fixed regimes last longer and determine the macroeconomic, social and political factors that make a pegged regime more durable. We use survival analysis, a technique which accounts for the unobservable cumulative effects associated with maintaining a fixed exchange rate that build up over the duration of a regime. In our model, time enters as a proxy for these unobserved persistent effects as we investigate the relative importance of the fundamentals in the economy on regime durability by considering their relation together with the effect of time itself. Using the de facto exchange rate regime classification proposed by Reinhart and Rogoff (2004), we find non-monotonic duration dependence and show that time is a significant factor for the duration of pegged regimes. Openness, changes in foreign reserves, growth, real exchange rate misalignment, claims on government and sociopolitical instability are also found to influence the pegged regime duration.en_US
dc.language.isoenen_US
dc.publisherElsevier Sci Ltden_US
dc.relation.ispartofJournal of International Money and Financeen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectExchange rate regimeen_US
dc.subjectSurvival analysisen_US
dc.subjectDurationen_US
dc.subjectEmerging economiesen_US
dc.titleDuration of Fixed Exchange Rate Regimes in Emerging Economiesen_US
dc.typeArticleen_US
dc.departmentFaculties, Faculty of Economics and Administrative Sciences, Department of Economicsen_US
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümütr_TR
dc.identifier.volume37
dc.identifier.startpage439
dc.identifier.endpage467
dc.authorid0000-0001-8374-7019-
dc.identifier.wosWOS:000326667000020en_US
dc.identifier.scopus2-s2.0-84882807095en_US
dc.institutionauthorTamgaç Tezcan, Ünay-
dc.identifier.doi10.1016/j.jimonfin.2013.06.015-
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.identifier.scopusqualityQ1-
item.openairetypeArticle-
item.languageiso639-1en-
item.grantfulltextnone-
item.fulltextNo Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection
Show simple item record



CORE Recommender

SCOPUSTM   
Citations

3
checked on Dec 21, 2024

WEB OF SCIENCETM
Citations

3
checked on Nov 9, 2024

Page view(s)

134
checked on Dec 23, 2024

Google ScholarTM

Check




Altmetric


Items in GCRIS Repository are protected by copyright, with all rights reserved, unless otherwise indicated.