Regime-switching in exchange rate policy and balance sheet effects (Record no. 296506)

MARC details
000 -LEADER
fixed length control field 01378nam a2200205Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 140323b2005 xxu||||| |||| 00| 0 eng d
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.45
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Fiess, Norbert
9 (RLIN) 26516
245 ## - TITLE STATEMENT
Title Regime-switching in exchange rate policy and balance sheet effects
Statement of responsibility, etc. Fiess, Norbert
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Washington, D.C.
Name of publisher, distributor, etc. World Bank
Date of publication, distribution, etc. 2005
300 ## - PHYSICAL DESCRIPTION
Extent 36 p.
440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE
Title Policy Research Working Paper, no. 3653
9 (RLIN) 35384
500 ## - GENERAL NOTE
General note Includes bibliographical references.
520 ## - SUMMARY, ETC.
Summary, etc. The authors apply regime-switching methods to a monetarist model of exchange rates and identify well-defined intervention policy cycles. The policy response indices include a standard exchange market pressure-based index and a model-based volatility ratio that is endogenized relative to Japan, assumed to be a ""benchmark"" floater. The authors find strong evidence that balance sheet effects, proxied by the stock ratio of external liabilities to assets, and economic performance, as measured by GDP and stock market indices, determine the cost of the regime shift. They use a panel of quarterly data from 1985 to 2004 for a sample of 15 countries, mostly in East Asia and Latin America.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Foreign exchange rates - Developing countries
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Monetary policy - Developing countries
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Shankar, Rashmi
9 (RLIN) 25033
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Book
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Price effective from Koha item type
    Dewey Decimal Classification     Ahmedabad Ahmedabad   04/05/2009   332.45 F4R3 162301 04/09/2009 04/09/2009 Book

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