Allégret, Jean-Pierre; Ayadi, Mohamed; Khouni, Leila … - Groupe d'Analyse et de Théorie Économique Lyon … - 2008
This paper studies the choice of the exchange rate regime in emerging and developing countries. The literature on … the balance-sheet effect. The model is tested with a logit multinomial approach on a sample of 43 emerging and developing … countries. We determine the probability of occurrence of a given exchange rate regime in taking into account the preceding …