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dc.contributor.authorJackson, Aaron
dc.contributor.authorMiles, William
dc.identifier.citationJackson, A. & Miles, W. Rev World Econ (2008) 144: 538
dc.descriptionClick on the URL link to access the article (may not be free)
dc.description.abstractWe examine developing countries which have institutional quality ratings for the effects of exchange rate rigidity on inflation. The level of institutional development exerts no effect on the impact of currency regimes. However, the interaction of institutional quality and exchange rates has, in the most plausible specifications, a negative impact on inflation. This suggests that fixed exchange rates exert at most a contingent effect on inflation, and indicates that countries in Eastern Europe and Latin America contemplating currency pegs would be better off improving institutional quality prior to adopting the euro or dollar and expecting a large subsequent disinflationary effect.
dc.relation.ispartofseriesReview of World Economics;v.144:no.3
dc.subjectExchange rates
dc.titleFixed exchange rates and disinflation in emerging markets: how large is the effect?
dc.rights.holderCopyright Kiel Institute 2008

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