The mirage of floating exchange rates
By Carmen Reinhart. 2000
212 citations recorded by the source corpus.
Subfields: Finance
View Paper: https://www.semanticscholar.org/paper/f9c005859f5fcc17678e7de10f2264b9afcff1ab
Citations in the corpus
- Banking Crises in Emerging Markets: Presumptions and Evidence (2000, unknown): “…function (Wood 1999).31 To probe the robustness of this result, we redefined our measure of the exchange-rate regime in variety of ways.32 Reinhart (2000) questions the IMF’s official classification of exchange rate arrangements, observing that more than a few countries officially…”
- Exchange Rate Regimes, Capital Flows and Crisis Prevention (2001, unknown): “Some authors, most notably Calvo (1999), Reinhart (2000) and their associates, have argued that in a world with high capital mobility, incomplete information, fads, rumors and a dollar-denominated liabilities the monetary authorities will be severely affected by a “fear to float.”
- Fear of floating (2002, unknown): “By contrast, if interest rate policy is procyclical, as suggested earlier, and the exchange rate is not allowed to adjust in response to the terms of trade 14 See, for instance, Calvo (1999) and Reinhart (2000).”
- Interest-Rate Volatility in Emerging Markets (2003, unknown): “This argument has, in fact, become central in recent discussions on the merits of dollarization in emerging economies; see Reinhart (2000).”
- After the Crisis, the East Asian Dollar Standard Resurrected: An Interpretation of High Frequency Exchange Rate Pegging (2001, unknown): “15 Hong Kong Institute for Monetary Research Guillermo Calvo and Carmen Reinhart (2000a and b) show that this short-term rigidity, which they measure on a monthly basis, is quite general in emerging market economies in Latin America, East Asia, and elsewhere.”
- Monetary Policy in Emerging Markets (2010, unknown): “This tendency is the famous Fear of Floating of Reinhart (2000) and Calvo and Reinhart (2000, 2002).61 When booming markets for their export commodities put upward pressure on their currencies (2003-2008), they intervene to dampen appreciation.”