Choice of an Exchange Rate Regime: the Role of Optimum Currency Area Theory

dc.contributor.author	Horvath, Julius
dc.date.accessioned	2021-07-01T09:46:25Z
dc.date.available	2021-07-01T09:46:25Z
dc.date.issued	2021-01-18
dc.description.abstract	This lecture deals with the problem of the choice of exchange rate regime for fiat and fully convertible currencies. We begin with a review of different types of exchange rate regimes and discuss the difference between de jure and de facto regimes. We also briefly talk about how classification of exchange rate regimes leads to different interpretations of the relationship between regime and macroeconomic performance. Afterwards we give a short discussion of the vanishing intermediate exchange rate regime hypothesis. In the second part of the lecture we mention five different approaches to the choice of the optimal exchange rate regime and provide a general overview of the literature on optimum currency areas.	en
dc.format	application/pdf
dc.identifier.citation	Competitio, Vol. 3 No. 3 (2004) , 21-40
dc.identifier.doi	https://doi.org/10.21845/comp/2004/3/2
dc.identifier.eissn	2939-7324
dc.identifier.issn	1588-9645
dc.identifier.issue	3
dc.identifier.jatitle	Com
dc.identifier.jtitle	Competitio
dc.identifier.uri	https://hdl.handle.net/2437/320430	en
dc.identifier.volume	3
dc.language	en
dc.relation	https://ojs.lib.unideb.hu/competitio/article/view/8855
dc.rights.access	Open Access
dc.rights.owner	University of Debrecen
dc.title	Choice of an Exchange Rate Regime: the Role of Optimum Currency Area Theory	en
dc.type	folyóiratcikk	hu
dc.type	article	en

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