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    A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?

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    chinn2008-019.pdf (208.4Kb)
    Date
    2008
    Author
    Chinn, Menzie D.
    Wei, Shang-Jin
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    Abstract
    The authors find no strong tie between exchange rate regime flexibility and the rate of current account reversion, even after accounting for economic development, trade and capital account openness. They also find that the endogenous selection of exchange rate regimes does not explain the observed lack of correlation.
    Permanent Link
    http://digital.library.wisc.edu/1793/36246
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    • La Follette Working Papers

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