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.
机构:
Jinan Univ, Inst Ind Econ, Guangzhou, Guangdong, Peoples R ChinaSun Yat Sen Univ, Business Sch, Guangzhou, Guangdong, Peoples R China
Li Jie
Wu Yangru
论文数: 0引用数: 0
h-index: 0
机构:
Rutgers Business Sch, Newark, NJ USA
Rutgers Business Sch, New Brunswick, NJ USA
Rutgers State Univ, New Brunswick, NJ USASun Yat Sen Univ, Business Sch, Guangzhou, Guangdong, Peoples R China