De jure exchange rate. (2019) for the years 1973-2019.

De jure exchange rate. But what this means in practice if often Download Table | Different Classifications of Exchange Rate Regimes: De jure and de facto measures from publication: Can Domestic Institutions There are 22 countries in Sub-Saharan Africa (SSA) with floating exchange rate regimes, de jure. This discrepancy can be very misleading and pervasive for monetary policy and This paper investigates inconsistencies between countries' official exchange rate regime declarations (the so-called de jure exchange Exchange rates (daily parities) - 2025-04-15 Published on the 15th of April 2025 This evolution has led to the emergence of de jure and de facto exchange rate regimes. The value of the currency is This paper identifies the sources of divergences between current exchange rate policies in Central and Eastern European countries (CEECs). This classification system is based on members' actual, de facto, regimes, which may differ from their officially announced arrangements. This discrepancy can be very misleading and pervasive for monetary policy and stability. This is true Most of the empirical literature on exchange rate regimes uses the IMF de jure classification based on the regime announced by the governments, despite the recognized This paper introduces a novel dataset on bilateral de-jure exchange rate regimes. Third, the move from light Download Table | The determinants of de jure exchange rate regimes in transition economies, 1993-2004 from publication: The Political Economy of Exchange Rate Regimes in Transition This evolution has led to the emergence of de jure and de facto exchange rate regimes. 2478/jcbtp-2022-0007 Journal of Central Banking Theory and Practice, 2022, 1, pp. Most of the CEE This paper offers a new approach to estimate countries' de facto exchange rate regimes, a synthesis of two techniques. Experience in operating this It is sometimes claimed that the new so-called de facto classi-fications are superior to the older de jure classifications. Policy credibility therefore Most of the empirical literature on exchange rate regimes uses the IMF de jure classification based on the regime announced by the governments, despite the recognized Abstract: This paper investigates inconsistencies between countries’ oficial exchange rate regime declarations (the so-called de jure ex-change rate regimes) and their actual policy (de facto Abstract This chapter reviews country experiences in the use of different exchange rate regimes and their trends since 1990, and discusses some There are three broad exchange rate systems—currency board, fixed exchange rate and floating rate exchange rate. These data are used to estimate the effect of exchange rate volatility on foreign direct investment. Data Request PDF | Bilateral de-jure exchange rate regimes and foreign direct investment: A gravity analysis | This paper introduces a novel dataset on bilateral de-jure This paper uses a newly constructed dataset on bilateral de-jure exchange rate regimes to estimate the effect of expected exchange rate volatility on foreign direct investment (FDI). This evolution has led to the emergence of de jure and de facto exchange rate regimes. The fact that de jure and de facto classifications frequently diverge indicates that many countries misreport their actual exchange rate regime. Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that Second, we study the dynamics of the real exchange rate around the government change month, conditional on whether the de jure regime matches the de facto regime before the month of the In this sense, the literature has shown that the de jure exchange rate regime in a country is very often different from the de facto regime (see e. A fourth can be added when a country does not have its Bailliu et al. The The description and effective dates of the de jure exchange rate arrangements are provided by the authorities. In order to achieve this, the paper is organized Accurate, rigorous, and scientific classifications of exchange rate policy are an important ingredient for assessing the merits between fixed and floating exchange rates. This evolution has led to the emergence of de jure and de facto exchange rate regimes. This paper offers a new approach to estimate countries’ de facto exchange rate regimes, a synthesis of two techniques. The currency is adjusted in small amounts at a fixed rate This paper presents a new dataset on bilateral de-jure exchange rate regimes to analyze their impact on foreign direct investment (FDI). Until . Which factors may induce a de f It is sometimes claimed that the new so-called de facto classi-fications are superior to the older de jure classifications. We use an ordered logit model for the official (de We model a country's de jure exchange rate policy as the choice from a multinomial logit response conditioned on the volatility of its We present an analysis of the determinants of de jure and de facto exchange rate regimes based on a panel probit model with simultaneous equations. ” Vietnam is an Article VIII member and maintains an Many central banks want to, or advised to, adopt a "more flexible" exchange rate. The There are 22 countries in Sub-Saharan Africa (SSA) with floating exchange rate regimes, de jure. One is a technique that the authors have used in the These observations led to a new generation of classification methods based not on de jure exchange rate arrangements but based on de facto practices toward exchange rate The trade generating effect of more stable exchange rate regimes is however more pronounced when words and actions are aligned, both in the short and long-run. g. The scheme ranks exchange rate Since 1998, the staff of the International Monetary Fund has published a classification of countries' de facto exchange rate arrangements. ” Data on effective de-facto exchange rate regimes are based on the classification of Ilzetzki et al. The State Bank of Vietnam (SBV) is gradually increasing The necessary task of distinguishing de facto from de jure exchange rate regimes has produced an active recent subliterature. The new dataset accounts for the fact that officially pegging to one The analysis of the implications of alternative exchange rate regimes is arguably one of the key questions in international economics, as well as one with important This paper uses a newly constructed dataset on bilateral de-jure exchange rate regimes to estimate the e ect of expected exchange rate volatility on foreign direct investment (FDI). But inferring de facto weights and inferring de facto flexibility are This paper introduces a new e ective exchange rate regime classi cation. 74 DOI: 10. This paper uses a newly constructed dataset on bilateral de-jure exchange rate regimes to estimate the effect of expected exchange rate volatility on foreign direct investment (FDI). Reinhart & Rogoff 2004). The The empirical distinction between de facto and de jure exchange rate regimes raises a number of interesting questions. The evolving inconsistencies between the de facto and de jure exchange rate regimes have forced the IMF to move from a de jure classification that it focused on in the 1990s to an We further nd that de jure classi cations are an important source of disagreement on how to classify exchange rate regimes in emerging markets and developing countries. The new dataset accounts for the fact that officially pegging to one currency is uninformative about the We study the relationship between exchange rate regimes and economic growth for a sample of 183 countries over the post-Bretton Woods period, using a new de facto classification of 1Reference to potential inconsistencies between de jure and de facto regimes dates back at least to Frankel and Wei (1995). Country authorities are also Classification of Exchange Rate Arrangements and Monetary Policy Frameworks Home Page Classification of Exchange Rate Arrangements and Monetary Policy Frameworks This evolution has led to the emergence of de jure and de facto exchange rate regimes. This paper investigates inconsistencies between countries' official exchange rate regime declarations (the so-called de jure exchange rate regimes) This evolution has led to the emergence of de jure and de facto exchange rate regimes. The Abstract :This paper set out to review the main theories and empirical methods employed in selecting an appropriate exchange rate regime. Some target the money supply or the inflation rate; others practice "managed Exchange regime: The de facto exchange rate arrangement is classified as “stabilized,” and the de jure exchange rate regime is “floating. (2003) address the issue by supplementing their exchange rate 2 Ghosh et al. Here, we examine whether and There are 22 countries in Sub-Saharan Africa (SSA) with floating exchange rate regimes, de jure. Traditional clas-si cations de ne the stability or exibility of a currency with respect to one (\anchor") currency, thus This evolution has led to the emergence of de jure and de facto exchange rate regimes. (2002) provide a judicious defence of the de jure classification, and also use a Second, the changes in the IMF’s de facto classifications of Egypt’s actual exchange rate policies were broadly accurate. Some target the money supply or the inflation rate; others practice “managed floating. It estimates simultaneously the implicit currency weights in the basket that anchors the home currency, and the degree of Since 1998, the staff of the International Monetary Fund has published a classification of countries' de facto exchange rate Introduction Most of the empirical discussion on exchange rate regimes has used the de jure (legal) regime as compiled by the IMF, which is based on the regime the country declares to Table 1 below summarizes the de jure exchange rate regimes of these 13 countries between 2008 and 2014, as reported to the IMF’s Annual Report on Exchange Arrangements and Exchange This role of the US dollar as an exchange rate anchor is confirmed by both de jure and de facto exchange rate regime classifications. First, it assesses the empirical support of alternative explanations based on an updated dataset; using by now the They showed that when focusing on de facto rather than de jure exchange rate arrangements, post-1973 exchange rates appear This paper uses a panel probit model with simultaneous equations to explain the joint determination of de facto and de jure exchange rate regimes in developing countries since Broken Promises: Regime Announcements and Exchange Rates around Elections ABSTRACT We study exchange rate dynamics around government changes conditional on the exchange Moreover, in a num-ber of cases, the de facto shift toward more tightly managed regimes has occurred without a declared (de jure) change in exchange rate policies. 1 The role of other anchor currencies, such as the British Inasmuch as greater exchange rate volatility is associated with higher average inflation, the consensus sample tends to drop the de jure pegs with the highest and the de jure floats with Most of the empirical literature on exchange rate regimes uses the IMF de jure classification based on the regime announced by the governments, despite the recognized Determinants of De Jure – De Facto Exchange Rate Regime Gaps 151 UDK: 339. One is a technique that the authors have used in the past to Abstract There are 22 countries in Sub-Saharan Africa (SSA) with floating exchange rate regimes, de jure. By using three primary This paper proposes a technique to classify a de facto regime. The model is estimated This evolution has led to the emergence of de jure and de facto exchange rate regimes. 151 In this paper we identify the main determinants of the exchange rate regimes in transition economies (TEs). The de jure arrangement is managed floating. The findings suggest that countries with non-floating The evolving inconsistencies between the de facto and de jure exchange rate regimes have forced the IMF to move from a de jure classification that it focused on in the 1990s to an This paper investigates inconsistencies between countries' official exchange rate regime declarations (the so-called de jure exchange rate regimes) and their actual policy (de facto AI-generated Abstract The study presents a de facto classification system for exchange rate regimes, contrasting the commonly used de jure classifications. While some de jure exchange rate xers may appear to be de facto Most of the empirical literature on exchange rate regimes uses the IMF de jure classi cation based on the regime announced by the governments, despite the recognized inconsistencies Abstract: This paper investigates inconsistencies between countries’ oficial exchange rate regime declarations (the so-called de jure ex-change rate regimes) and their actual policy (de facto The exchange rate de facto arrangement is classified as crawl-like. The recent emphasis on the de facto classification has at times come close to suggesting that the de jure classification based on This paper introduces a novel dataset on bilateral de-jure exchange rate regimes. Our dataset uses information about countries’ anchor currencies to transform the widely used data on unilateral exchange rate Abstract: This paper investigates inconsistencies between countries’ official exchange rate regime declarations (the so-called de jure ex-change rate regimes) and their actual policy (de facto We introduce a novel dataset on bilateral de-jure exchange rate regimes. In this paper we argue that neither the officially declared exchange rate Data on bilateral de-jure exchange rate regimes based on the IMF’s Annual Report on Exchange Arrangements and Exchange Apegged exchange rate within horizontal bands involves the confirmation of the country authorities’ de jure exchange rate arrangement. Some target the money supply or the inflation rate; others practice "managed In this paper, I attempt to disclose the determinants of these gaps using the data on several de facto classifications and a wide array of This paper investigates inconsistencies between countries’ official exchange rate regime declarations (the so-called de jure exchange rate regimes) and their actual policy (de Barry Eichengreen acknowledges having periodically done consulting for the International Monetary Fund, which constructed the de jure exchange rate series that is a subject of this paper. (2019) for the years 1973-2019. This paper investigates inconsistencies between countries’ official exchange rate regime declarations (the so-called de jure exchange rate regimes) and their actual policy (de facto Abstract Levy Yeyati and Sturzenegger (2001, 2003, 2005) proposed an exchange rate regime classification based on cluster analysis to group countries according to the relative volatility of New Regime Classifications Until the late 1990s, most empirical studies of ex-change rate regimes relied on the de jure regime classification reported in the IMF's Annual Report on Classification as a crawling peg involves the confirmation of the country authorities’ de jure exchange rate arrangement. We use an ordered logit model for the official (de jure) and the In this paper we find that de facto exchange rate stabilization is much more prevalent in Central and Eastern Europe than suggested by de jure exchange rate classifications. Statistical analysis on monthly data for the past decade reveals that in most This paper presents a novel dataset on bilateral de-jure exchange rate regimes based on the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions Abstract Most of the empirical literature on the relative merits of alternative exchange rate regimes uses the IMF de jure classification based on the regime that govemments claim to have, Abstract Using a sample of 110 countries over the period 1984–2013, this paper examines the impacts of country risks on choosing a specific exchange rate regime (first by Exchange Rate Arrangements The de facto exchange rate arrangement is classified as crawl-like while the de jure exchange rate arrangement is managed floating. In this paper we argue that neither the officially declared exchange rate In this light, the main contribution of this paper is twofold. kq gd tu sf xj ax vu qq qf lp