Exchange rate regime preferences of the international sector. Firm-level evidence

被引:4
|
作者
Fernandez-Albertos, Jose [1 ]
机构
[1] IPP CSIC, Inst Publ Goods & Policies, Spanish Natl Res Council, Madrid, Spain
关键词
Exchange rate regime; Political economy; International sector; Central bank independence; Firm surveys;
D O I
10.1016/j.econlet.2011.12.131
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper argues that fixed exchange rate regimes are preferred by the international sector only if they are adopted in economies endowed with anti-inflationary policy-making institutions (i.e., independent central banks). Cross-national firm-level data gives strong support to this claim. (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码:26 / 30
页数:5
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