Upadek hipotezy o wypieraniu systemów pośrednich: w kierunku nowego paradygmatu qyboru systemów kursowych

• Autorzy: Michał Jurek

Warianty tytułu

The Fall of the Vanishing Interim Regime Hypothesis: Towards a ew Paradigm of the Choice of Exchange Rate Regimes

• Języki publikacji: PL

Abstrakty

Autor zanalizował temat wykorzystując model logitowy, zastosowany w badaniach okresu 1999-2009. W opracowaniu zweryfikowano tytułową hipotezę oraz zweryfikowano czynniki oddziałujące na decyzje dotyczące wyborów systemów kursowych w krajach rozwiniętych i rozwijających się. (fragment tekstu)

EN

The main target of the paper is: 1) verification of the vanishing interim regime hypothesis (so-called bipolar view); 2) identification of factors that can influence the decisions related to exchange ratę regimes, undertaken by emerging and developing countries. The main sources of quantitative data were IMF's Annual Reports as well as World Economic Outlook Database. A logistic analysis and methods of the descriptive statistics were the basis for the research. A comparative and descriptive analysis were also used. Research was conducted for the years 1999-2009. As a result of research, the strong as well as weak version of the vanishing interim regime hypothesis were discredited. Such phenomenon didn't appear within the analyzed years. On the contrary - the number of interim regimes, used by emerging and developing countries morę than doubled. Results of the logistic analysis also allow to reject a bipolar view. They provide a strong support for the view that the level of economic development influences the probability of the use of interim as well as corner solutions only to the very limited extent, whereas theoretical values of this probability arę significantly different in emerging and developing countries from various regions of the world. This can be an evidence of the existence of other - qualitative - factors, that influence these very countries' choices concerning exchange rate regimes. (originala bstract)

Słowa kluczowe

PL

Przepływy kapitałowe; Waluta; Kraje rozwijające się; Kraje wysoko rozwinięte; Systemy kursu walutowego

EN

Capital flows; Currencies; Developing countries; High-developed countries; Exchange rate regime

• Czasopismo: Zeszyty Naukowe / Uniwersytet Ekonomiczny w Poznaniu
• Rocznik: 2010
• Numer: nr 143
• Strony: 493--508

Twórcy

autor

Michał Jurek

• Uniwersytet Ekonomiczny w Poznaniu

Bibliografia

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