The modern history of exchange rate arrangements: A reinterpretation

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Exchange Rate Disconnect in General Equilibrium (2017, neutral): “…shocks is arguably more pronounced (see e.g. Aguiar and Gopinath 2007) and, in addition, pegs and partial pegs are more ubiquitous (see, e.g., Reinhart and Rogoff 2004).41 In the model, this makes the exchange rate puzzles less pronounced, as it reduces the relative role of the financial…”
Evolution and Performance of Exchange Rate Regimes (2003, neutral): “Rogoff ( 2003 ) notes that this in turn reflects the decline in infla - tion across the world in recent years .”
Financial Regulation, Financial Globalization and the Synchronization of Economic Activity (2009, positive): “Exchange Rate Flexibility [ERC]: Bilateral index of the flexibility of the exchange rate, based on ”coarse” regime classification of Reinhart and Rogoff (2004). The country-specific index ranges from 1 to 5 where lower values suggest a more rigid regime. We construct the bilateral index by taking th”