Manuela Francisco

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Official and four alternative regime classification schemes based on observed exchange rate behaviour are used to examine the relationship with inflation and growth in 91 developing countries over the period 1984-2001. Apart from one scheme that produces markedly unfavourable results for floating (for reasons that are discussed in the paper), the consistent(More)
Recent research on exchange rate regimes has stressed the similarity amongst intermediate regimes (managed floats and “soft” pegs) rather than the traditional peg/float dichotomy. We investigate the choice of regime amongst hard pegs, soft pegs, managed floats and independent floats for a panel of developing countries over the period 1990-2000. A simple(More)
Real effective exchange rate volatility is examined for 90 countries using monthly data from January 1990 to June 2006. Volatility decreases with openness to international trade and per capita GDP, and increases with inflation, particularly under a horizontal peg or band, and with terms-of-trade volatility. The choice of exchange rate regime matters. After(More)
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