Fear of floating

By Carmen M. Reinhart, Guillermo A. Calvo. 2002

3,578 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/9d4233fd74149625b2f073b2a21427bb17470490

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Citations in the corpus

Currency unions in prospect and retrospect (2010, neutral): “…that, in practice, even countries that could potentially let their exchange rates adjust to mitigate the impact of shocks (selfdeclared floaters), often display " fear of floating, " and thus do not exploit the automatic stabilization properties of floating exchange rates (Calvo & Reinhart, 2002).”
Asset quality in a crisis period: An empirical examination of Ghanaian banks (2014, background): “(1995), Eichengreen and Hausman (1998), Calvo and Reinhart (2002), Céspedes et al.”
CHOOSING (AND RENEGING ON) EXCHANGE RATE REGIMES (2006, neutral): “As Calvo and Reinhart (2002) note foreign liabilities are a key determinant of way debtor countries my fear exchange rate volatility and thus prefer pegs.”
Federal Reserve Policy in an International Context (2017, background): “There are other motivations for “fear of floating” (Calvo and Reinhart, 2002) as well, such as concerns about the dollar liabilities of emerging-market banks and firms.”
The Anatomy of a Multiple Crisis : Why Was Argentina Special and What Can We Learn from It? (2003, background): “What were the contributions of the private and public sectors to Argentina’s external imbalance?”
Stories of the Twentieth Century for the Twenty-First (2011, neutral): “Even where emerging markets have not literally pegged their cur- rencies’ foreign exchange values, they have shown less willingness to tolerate sharp nominal exchange rate movements than the advanced countries (Calvo and Reinhart (2002); Hausmann et al. (2001)).”
Regulating Capital Flows to Emerging Markets: An Externality View (2018, background): “While emerging market economies have long engaged in the practice of pegging exchange rates (Calvo and Reinhart, 2002), their ability to maintain this peg in response to strong adverse shocks has traditionally been limited.”
International reserves and swap lines: substitutes or complements? (2010, neutral): “There is yet a third motive for holding reserves, which is related to the first two but somewhat different – exchange rate stability, outlined by Calvo and Reinhart (2002).”
Foreign exchange interventions under inflation targeting: the Czech Experience (2006, neutral): “This is in line with a general observation that the de facto practice often differs from the declared exchange rate strategies, typically in the direction of tighter management (Calvo and Reinhart, 2000).”
Optimum Currency Areas and Key Currencies: Mundell I Versus Mundell Ii (2004, neutral): “First, although informal pegging to the dollar is widespread in Asia, the Americas, and much of Africa in the short run (Calvo and Reinhart, 2002), these exchange rate pegs are ‘soft’ and lack credibility – particularly over the long term.”
Understanding bilateral exchange rate volatility (2003, background): “However, a growing recent literature (e.g. Levy Yeyati and Sturzennegger 2001, Calvo and Reinhart 2002, Reinhart and Rogoff 2002) stresses the difficulty that arises when the degree of exchange rate flexibility is assigned from official classifications, due to the substantial differences between de…”
The Transmission of Financial Stress from Advanced to Emerging Economies (2009, background): “Calvo and Reinhart (2002) show that many emerging economies with officially flexible exchange rate regimes often allow only minimal exchange rate movement.”