To peg or not to peg? : a simple model of exchange rate regime choice in small economies

dc.contributor.author	Berger, Helge
dc.contributor.author	Jensen, Henrik
dc.contributor.author	Schjelderup, Guttorm
dc.date.accessioned	2006-08-15T12:01:40Z
dc.date.available	2006-08-15T12:01:40Z
dc.date.issued	2000-10
dc.identifier.issn	0804-6824
dc.identifier.uri	http://hdl.handle.net/11250/162822
dc.description.abstract	The choice of an exchange rate peg often points to a trade-off between gaining credibility and losing flexibility. We show that the flexibility loss may be reduced if domestic and foreign shocks are correlated and more volatile. Allowing for a plausible structural change after a peg, a flexibility gain may result.	en
dc.format.extent	156292 bytes
dc.format.mimetype	application/pdf
dc.language.iso	eng	en
dc.publisher	Norwegian School of Economics and Business Administration. Department of Economics	en
dc.relation.ispartofseries	Discussion paper	en
dc.relation.ispartofseries	2001:8	en
dc.subject	exchange rate regime choice	en
dc.subject	credibility versus flexibility	en
dc.subject	international spill-overs	en
dc.subject	imported stabilization	en
dc.title	To peg or not to peg? : a simple model of exchange rate regime choice in small economies	en
dc.type	Working paper	en