
Contents
-
-
-
-
-
-
-
-
-
-
7.1 Introduction 7.1 Introduction
-
7.2 Real Economic Growth under Alternative Regimes 7.2 Real Economic Growth under Alternative Regimes
-
7.2.1 Baseline Regression 7.2.1 Baseline Regression
-
7.2.2 Robustness Tests 7.2.2 Robustness Tests
-
-
7.3 Output Volatility 7.3 Output Volatility
-
7.4 Exports and External Trade Performance 7.4 Exports and External Trade Performance
-
7.5 Conclusions 7.5 Conclusions
-
-
-
-
-
-
-
7 Output Growth and Trade Performance
Get access-
Published:April 2008
Cite
Abstract
This chapter addresses three main questions. First, do currency boards result in slower output growth, controlling for other potential determinants? Second, does competitiveness and export performance suffer under currency boards? Third, does the adoption of a currency board arrangement (CBA) with the implied loss of the exchange rate as an adjustment tool lead to more volatile output growth? The evidence suggests a weak link between currency boards and growth performance. For upper-income countries, the growth rate does not appear to be robustly related to the exchange rate regime. For lower-income countries, there is an economically and statistically significant effect in favor of currency boards.
Sign in
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
- Add your ORCID iD
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing informationMonth: | Total Views: |
---|---|
April 2024 | 1 |
August 2024 | 1 |
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.