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Stability and Exchange Rate Systems in a Monetarist Model of the Balance of Payments
5 references·16 citing·41 second hop
Stability and Exchange Rate Systems in a Monetarist Model of the Balance of Payments (1977)Stability and Exchange Rate Systems in a …The Quarterly Journal of Economics (2024)The Quarterly Journal of Econ…The economics of common currencies (1974)The economics of common curre…Some International Evidence on Output-Inflation Tradeoffs. (1973)Some International Evidence o…Devaluation, Money, and Nontraded Goods (1973)Devaluation, Money, and Nontr…The Monetary Dynamics of International Adjustment under Fixed and Flexible Exchange Rates (1960)The Monetary Dynamics of Inte…DOLLARIZATION AND ECONOMIC PERFORMANCE: WHAT DO WE REALLY KNOW? (2015)DOLLARIZATION AND ECONOMIC PE…Segmented asset markets and optimal exchange rate regimes (2007)Segmented asset markets and o…Optimum Currency Area Theory: A Selective Review (2007)Optimum Currency Area Theory:…Inflation Targeting and Exchange Rate Rules in an Open Economy (2004)Inflation Targeting and Excha…Strict Dollarization and Economic Performance: An Empirical Investigation (2003)Strict Dollarization and Econ…A Currency of One's Own? An Empirical Investigation on Dollarization and Independent Currency Unions (2003)A Currency of One's Own? An E…Long-Run Determinants of Exchange Rate Regimes (2002)Long-Run Determinants of Exch…Dollarization and Economic Performance: An Empirical Investigation (2001)Dollarization and Economic Pe…Domestic Political Institutions and Exchange Rate Commitments in the Developing World (1999)Domestic Political Institutio…Real exchange rate variability and the choice of exchange rate regime by developing countries (1990)Real exchange rate variabilit…Monetary Policy Interactions under Managed Exchange Rates (1989)Monetary Policy Interactions …The Choice of an Exchange Rate System and Macroeconomic Stability (1985)The Choice of an Exchange Rat…Chapter 17 Stabilization policies in open economies (1985)Chapter 17 Stabilization poli…Capital Mobility and the Choice of Exchange Rate System (1979)Capital Mobility and the Choi…Wage indexation and macroeconomics stability (1977)Wage indexation and macroecon…The Relative Stability of Alternative Exchange Rate Systems in the Presence of Random Disturbances (1976)The Relative Stability of Alt…A Theory of Optimum Currency Areas (1961)A Positive Theory of Monetary Policy in a Natural Rate Model (1983)Regional Evolutions (1992)Trade integration and synchronization of shocks* (2005)Catch-up inflation and nominal convergence: The balancing act for new EU entrants (2006)Theory of Optimum Currency Areas (2015)Rational Expectations and the Theory of Price Movements (1961)Chapter 14 Asset markets, exchange rates and the balance of payments (1985)Nominal exchange rate regimes and the behavior of real exchange rates: Evidence and implications (1986)The theory and practice of econometrics (1986)OPEN-ECONOMY MACROECONOMICS (1996)How Do Countries Choose their Exchange Rate Regime? (2001)The choice of exchange rate regimes in developing countries: A multinomial panel analysis (2007)Why do countries peg the way they peg? The determinants of anchor currency choice (2008)Determinants of Exchange Rate Practices (1978)Optimal Foreign Exchange Market Intervention (1978)Aspects of the Optimal Management of Exchange Rates (1981)Exchange rate regime, real misalignment and currency crises (2012)A Theory of the Consumption Function (1960)Econometric policy evaluation: A critique (1976)Trends and random walks in macroeconmic time series (1982)A SENSITIVITY ANALYSIS OF CROSS-COUNTRY GROWTH REGRESSIONS (1991)The Role of Monetary Policy (1995)The Political Business Cycle (1975)After Hegemony: Cooperation and Discord in the World Political Economy (1984)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)Exchange Rates and Cohesion: Historical Perspectives and Political‐Economy Considerations (2003)The political economy of exchange rate regimes in developed and developing countries (2011)Interest Group Influence in Authoritarian States (2012)Price Behavior in the Light of Balance of Payments Theories (1977)Another look at the role of the industrial structure of markets for international diversification strategies1We are especially grateful to Pat Casey and Virge Cavalli at Dow Jones for providing the Dow Jones World Stock Index data and for their assistance with numerous queries. We gratefully acknowledge the comments of Geert Bekaert, William Brigham, Shane Corwin, Steve Foerster, Jeff Harris, Steve Heston, Ajay Khorana, David Mayers, John Persons, René Stulz, and particularly, the referee (Geert Rouwenhorst) and editor (John Long). We also thank participants at the University of Alberta, University of Toronto and Ohio State University, the 1996 UBC Global Investment Conference (Whistler), 1996 International Finance Conference (Georgia Tech), 1996 Western Finance Association Conference, and 1996 Financial Management Association Conference for helpful suggestions. Karolyi thanks the Dice Center for Financial Economics and the Social Sciences and Humanities Research Council of Canada for financial support.1 (1998)On the Yuan: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate (2006)The Road to Monetary Union in Europe (2000)Optimum Currency Areas and Key Currencies: Mundell I versus Mundell II (2004)Regional Transfer Multipliers (2018)Domestic Saving and International Capital Movements in the Long Run and the Short Run (1982)International Macroeconomics: Beyond the Mundell-Fleming Model (2001)From Catch-all Politics to Cartelisation: The Political Economy of the Cartel Party (2004)A Theory of Fairness, Competition, and Cooperation (1999)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)The Skill Content of Recent Technological Change: An Empirical Exploration (2003)
this work references cited by second hop

References

  • 2024The Quarterly Journal of Economics7,176 cited
  • 1973Some International Evidence on Output-Inflation Tradeoffs.2,448 cited
  • 1960The Monetary Dynamics of International Adjustment under Fixed and Flexible Exchange Rates476 cited
  • 1973Devaluation, Money, and Nontraded Goods269 cited
  • 1974The economics of common currencies160 cited

Cited by

  • 1999Domestic Political Institutions and Exchange Rate Commitments in the Developing World105 cited
  • 1979Capital Mobility and the Choice of Exchange Rate System85 cited
  • 1985The Choice of an Exchange Rate System and Macroeconomic Stability83 cited
  • 1990Real exchange rate variability and the choice of exchange rate regime by developing countries82 cited
  • 2007Optimum Currency Area Theory: A Selective Review78 cited
  • 2001Dollarization and Economic Performance: An Empirical Investigation58 cited
  • 1977Wage indexation and macroeconomics stability56 cited
  • 2003A Currency of One's Own? An Empirical Investigation on Dollarization and Independent Currency Unions54 cited
  • 2015DOLLARIZATION AND ECONOMIC PERFORMANCE: WHAT DO WE REALLY KNOW?50 cited
  • 2002Long-Run Determinants of Exchange Rate Regimes

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50 cited
  • 2004Inflation Targeting and Exchange Rate Rules in an Open Economy49 cited
  • 1985Chapter 17 Stabilization policies in open economies47 cited
  • 1976The Relative Stability of Alternative Exchange Rate Systems in the Presence of Random Disturbances47 cited
  • 2007Segmented asset markets and optimal exchange rate regimes44 cited
  • 2003Strict Dollarization and Economic Performance: An Empirical Investigation44 cited
  • 1989Monetary Policy Interactions under Managed Exchange Rates43 cited