Jump to ContentJump to Main Navigation
Exchange Rate Regimes in the Modern Era$
Users without a subscription are not able to see the full content.

Michael W. Klein and Jay C. Shambaugh

Print publication date: 2009

Print ISBN-13: 9780262013659

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262013659.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 06 April 2020

Exchange Rate Regimes and Economic Growth

Exchange Rate Regimes and Economic Growth

Chapter:
(p.185) 11 Exchange Rate Regimes and Economic Growth
Source:
Exchange Rate Regimes in the Modern Era
Author(s):

Michael W. Klein

Jay C. Shambaugh

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262013659.003.0011

This chapter presents an empirical analysis of the effect of exchange rate regimes on long-run economic growth, demonstrating that empirics rather than theory can best judge growth. The chapter aims to show that exchange rate regimes per se affect long-run economic growth, and that this is influenced by other variables as well. The chapter presents both theories and an empirical analysis in order to draw conclusion on the relationship between growth and regimes. The conclusion arrived at by the analysis states that real variables such as savings rate, population growth and initial income are what long-run economic growth is dependent on. Drawing on the same conclusion that Ghosh, Gulde, and Wolf came upon, the chapter makes an argument that exchange rate regimes are not necessarily vital for growth.

Keywords:   exchange rate regimes, long-run economic growth, savings rate, population growth, initial income, Ghosh, Gulde, Wolf

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.