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

Alhadj Malloum Sali; Ayang Eric; Abessolo Yves Andre

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

Alhadj Malloum Sali * §

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Ayang Eric

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Abessolo Yves Andre

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§ Universite de Maroua

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

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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.

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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.

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Not applicable for this article.

How to Cite This Article

Alhadj Malloum Sali, Ayang Eric, Abessolo Yves Andre. 2020. "La Resilience Des Regimes Bipolaires Aux Crises De Change : Le Role De La Qualite Des Institutions Politiques". Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 20 (GJHSS Volume 20 Issue E3).

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GJHSS Volume 20 Issue E3

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-E Classification FOR Code: 349999

Submission ReceivedDecember 9, 2019
Peer Review Double Blind
Handling Editor
Accepted December 31, 2019
Published January 15, 2020

Version of record

v1.2

Issue date

May 30, 2020

Language

French

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