La Resilience Des Regimes Bipolaires Aux Crises De Change : Le Role De La Qualite Des Institutions Politiques

α
Alhadj Malloum Sali
Alhadj Malloum Sali
σ
Ayang Eric
Ayang Eric
ρ
Abessolo Yves Andre
Abessolo Yves Andre
α University of Maroua University of Maroua
σ University of Bamenda University of Bamenda

Send Message

To: Author

La Resilience Des Regimes Bipolaires Aux Crises De Change : Le Role De La Qualite Des Institutions Politiques

Article Fingerprint

ReserarchID

CI5J5

La Resilience Des Regimes Bipolaires Aux Crises De Change : Le Role De La Qualite Des Institutions Politiques Banner

AI TAKEAWAY

Connecting with the Eternal Ground
  • English
  • Afrikaans
  • Albanian
  • Amharic
  • Arabic
  • Armenian
  • Azerbaijani
  • Basque
  • Belarusian
  • Bengali
  • Bosnian
  • Bulgarian
  • Catalan
  • Cebuano
  • Chichewa
  • Chinese (Simplified)
  • Chinese (Traditional)
  • Corsican
  • Croatian
  • Czech
  • Danish
  • Dutch
  • Esperanto
  • Estonian
  • Filipino
  • Finnish
  • French
  • Frisian
  • Galician
  • Georgian
  • German
  • Greek
  • Gujarati
  • Haitian Creole
  • Hausa
  • Hawaiian
  • Hebrew
  • Hindi
  • Hmong
  • Hungarian
  • Icelandic
  • Igbo
  • Indonesian
  • Irish
  • Italian
  • Japanese
  • Javanese
  • Kannada
  • Kazakh
  • Khmer
  • Korean
  • Kurdish (Kurmanji)
  • Kyrgyz
  • Lao
  • Latin
  • Latvian
  • Lithuanian
  • Luxembourgish
  • Macedonian
  • Malagasy
  • Malay
  • Malayalam
  • Maltese
  • Maori
  • Marathi
  • Mongolian
  • Myanmar (Burmese)
  • Nepali
  • Norwegian
  • Pashto
  • Persian
  • Polish
  • Portuguese
  • Punjabi
  • Romanian
  • Russian
  • Samoan
  • Scots Gaelic
  • Serbian
  • Sesotho
  • Shona
  • Sindhi
  • Sinhala
  • Slovak
  • Slovenian
  • Somali
  • Spanish
  • Sundanese
  • Swahili
  • Swedish
  • Tajik
  • Tamil
  • Telugu
  • Thai
  • Turkish
  • Ukrainian
  • Urdu
  • Uzbek
  • Vietnamese
  • Welsh
  • Xhosa
  • Yiddish
  • Yoruba
  • Zulu

Abstract

The objective of this article is to analyze the role of the quality of institutions on the resilience of extreme exchange rate regimes to currency crises. To do this, in order to reach our goal, we used a logit regression on the data of 134 IMF member countries during the period 1984-2013. The results of econometric estimates obtained with the logit model show that: using the IMF classification, we find that there is no significant link. But using the de facto one, we find that, the bipolar hypothesis is not verified because, fixed exchange rate regimes decrease the probability of crisis while floating exchange rate regimes increase it. So the resilience of fixed regimes to exchange rate crises is higher than that of floating regimes. However, the hypothesis that the resilience to currency crises of different bipolar regimes is positively influenced by institutional quality is also ver ified. Because, this resilience increases in both exchange rate regimes, with less involvement of the military and religion in politics and the strengthening of the rule of law.

References

44 Cites in Article
  1. D Acemoglu,S Johnson,J Robinson (2002). Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution.
  2. Daron Acemoglu,Simon Johnson,James Robinson (2001). The Colonial Origins of Comparative Development: An Empirical Investigation.
  3. Daron Acemoglu (2006). A Simple Model of Inefficient Institutions.
  4. Daron Acemoglu,Simon Johnson,James Robinson,Yunyong Thaicharoen (2003). Institutional causes, macroeconomic symptoms: volatility, crises and growth.
  5. C Aloui,H Sassi (2005). Régime de change et croissance économique: une investigation empirique.
  6. Apanard Angkinand,Eric Chiu,Thomas Willett (2009). Testing the Unstable Middle and Two Corners Hypotheses About Exchange Rate Regimes.
  7. M Araoz (2009). Construyendo un Indicador Institucional para Argentina (1862-2001).
  8. A Asici (2011). Exchange rate regime choice and currency cri ses.
  9. J Bailliu,R Lafrance,J-F Perrault (2003). Does exchange rate policy matter for growth?.
  10. A Bubula,I Et Ötker -Robe (2002). The evolution of exchange rate regimes since 1990: Evidence from de facto policies.
  11. M Bussiere,C Et Mul Der (1999). External Vulnerability in Emerging Market Economies -How High Liquidity Can Offset Weak Fundamentals and the Effects of Contagion.
  12. A Cerro,V Iajya (2010). Currency Cri ses and Institutions. The Case of Argentina 1862-2004.
  13. A Cerro,O Et Meloni (2003). Crises in Argentina: 1823-2002. The Same Old Story?.
  14. J Combes,A Minea,M Sow (2013). Crises and Exchange Rate Regimes: Time to break down the bipolar view?.
  15. Jean-Louis Combes,Alexandru Minea,Moussé Sow (2016). Crises and exchange rate regimes: time to break down the bipolar view?.
  16. Barry Eichengreen,Andrew Rose,Charles Wyplosz (1996). Contagious Currency Crises.
  17. Taro Esaka (2010). De facto exchange rate regimes and currency crises: Are pegged regimes with capital account liberalization really more prone to speculative attacks?.
  18. S Fisher (2001). Exchange Rate Regimes: Is the Bipolar View Correct?.
  19. A Ghosh,J Ostry,M (2015). Exchange rate management and crisis susceptibility: A reassessment.
  20. Atish Ghosh,Anne-Marie Gulde,Holger Wolf (2003). Exchange Rate Regimes.
  21. Atish Ghosh,Anne-Marie Gulde,Jonathan Ostry,Holger Wolf (2009). Does the Nominal Exchange Rate Regime Matter?.
  22. Fasika Haile,Susan Pozo (2006). Exchange Rate Regimes and Currency Crises: an Evaluation using Extreme Value Theory*.
  23. Robert Hall,Charles Jones (1999). Why Do Some Countries Produce So Much More Output per Worker than Others?.
  24. A Husain,A Mody,K Rogoff (2005). Exchange rate regime durability and performance in developing versus advanced economies.
  25. E Ilzetski,C Reinhart,K Et Rogoff (2011). The Country Chronol ogies and Background Material to Exchange Rate Arrangement s into the 21st Century: Will the Anchor Currency Hold?.
  26. Mohammad Karimi,Marcel-Cristian Voia (2014). Currency Crises, Exchange Rate Regimes and Capital Account Liberalization: A Duration Analysis Approach.
  27. Eduardo Levy-Yeyati,Federico Sturzenegger (2005). Classifying exchange rate regimes: Deeds vs. words.
  28. Q Li,M Et Inclan (2001). Draft Minutes APSA Council Meeting.
  29. J Mei (2000). Political Risk, Financial Crisis, and Market Volatility.
  30. D Mishra (1998). Political Determinants of Currency Crises.
  31. Ryota Nakatani (2017). Real and financial shocks, exchange rate regimes and the probability of a currency crisis.
  32. Ryota Nakatani (2017). Structural vulnerability and resilience to currency crisis: Foreign currency debt versus export.
  33. D North (1991). Institutions, Institutional Change and Economic Performance.
  34. M Obstfeld (1994). The logic of currency crises.
  35. C Reinhart,K Rogoff (2004). The Modern History of Exchange Rate Arrangements: A Reinterpretation.
  36. Dani Rodrik (2008). The Real Exchange Rate and Economic Growth.
  37. K Rogoff,A Hussain,A Mody,R Brooks,N Et Oomes (2004). evolution and performance of exchange rates regimes.
  38. Shimpalee,Breuer (2006). Currency Cri ses and Institutions.
  39. Lawrence Summers (2000). Distinguished Lecture on Economics in Government: Reflections on Managing Global Integration.
  40. H Vergil,T Et Erdogan (2017). Crisis, institutional quality and economic growth.
  41. S-J Wei (2000). How Taxing is Corruption on International Investors?.
  42. J Williamson (1996). THE CASE FOR A COMMON BASKET PEG FOR EAST ASIAN CURRENCIES.
  43. J Williamson (2000). Exchange Rate Regimes.
  44. Yi Wu (2008). The Role of Institutional Quality in a Currency Crisis M odel.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Alhadj Malloum Sali. 2020. \u201cLa Resilience Des Regimes Bipolaires Aux Crises De Change : Le Role De La Qualite Des Institutions Politiques\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 20 (GJHSS Volume 20 Issue E3): .

Download Citation

Issue Cover
GJHSS Volume 20 Issue E3
Pg. 21- 31
Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords
Classification
GJHSS-E Classification: FOR Code: 349999
Version of record

v1.2

Issue date

May 30, 2020

Language
fr
Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

Article Matrices
Total Views: 2353
Total Downloads: 1158
2026 Trends
Related Research

Published Article

The objective of this article is to analyze the role of the quality of institutions on the resilience of extreme exchange rate regimes to currency crises. To do this, in order to reach our goal, we used a logit regression on the data of 134 IMF member countries during the period 1984-2013. The results of econometric estimates obtained with the logit model show that: using the IMF classification, we find that there is no significant link. But using the de facto one, we find that, the bipolar hypothesis is not verified because, fixed exchange rate regimes decrease the probability of crisis while floating exchange rate regimes increase it. So the resilience of fixed regimes to exchange rate crises is higher than that of floating regimes. However, the hypothesis that the resilience to currency crises of different bipolar regimes is positively influenced by institutional quality is also ver ified. Because, this resilience increases in both exchange rate regimes, with less involvement of the military and religion in politics and the strengthening of the rule of law.

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]

Request Access

Please fill out the form below to request access to this research paper. Your request will be reviewed by the editorial or author team.
X

Quote and Order Details

Contact Person

Invoice Address

Notes or Comments

This is the heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

High-quality academic research articles on global topics and journals.

La Resilience Des Regimes Bipolaires Aux Crises De Change : Le Role De La Qualite Des Institutions Politiques

Alhadj Malloum Sali
Alhadj Malloum Sali University of Maroua
Ayang Eric
Ayang Eric University of Bamenda
Abessolo Yves Andre
Abessolo Yves Andre

Research Journals