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Are Monetary Rules and Reforms Complements or Substitutes? : A Panel Analysis for the World versus OECD Countries

Title data

Belke, Ansgar ; Herz, Bernhard ; Vogel, Lukas:
Are Monetary Rules and Reforms Complements or Substitutes? : A Panel Analysis for the World versus OECD Countries.
Wien : Oesterreichische Nationalbank , 2006 . - 51 S. - (OENB Working Paper ; 129 )

Official URL: Volltext

Abstract in another language

This paper investigates the relationship between the exchange rate regime and the degree of structural reforms using panel data techniques. We look at a broad sample of countries (the "world sample") and also an OECD sample. Our main findings suggest that adopting a fixed exchange rate rule is positively correlated with the degree of overall structural reforms and the trade component. The paper also highlights the fact that considering a heterogeneous panel of countries as opposed to a limited does not matter for this results.

Further data

Item Type: Working paper, discussion paper
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics I > Chair Economics I - Univ.-Prof. Dr. Bernhard Herz
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics I
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 18 May 2015 10:14
Last Modified: 04 Apr 2019 05:40
URI: https://eref.uni-bayreuth.de/id/eprint/13553