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Fear of floating.
- Source :
- Economics of Transition; Jan2017, Vol. 25 Issue 1, p77-90, 14p
- Publication Year :
- 2017
-
Abstract
- This paper uses unique household survey data to investigate the expected effects of a switch from a fixed exchange rate regime to a floating exchange rate regime in Bulgaria during the global financial crisis. The data show that the public associated such a switch with a contraction of output, higher prices, a decline in exports, and an overall deterioration of economic welfare. These expectations fuelled a strong opposition to removing the fixed exchange rate. Thus, the survey data allow us to investigate why a switch from a fixed exchange rate to a floating exchange rate did not take place. [ABSTRACT FROM AUTHOR]
- Subjects :
- FOREIGN exchange rates
FINANCIAL crises
HOUSEHOLD surveys
CURRENCY boards
Subjects
Details
- Language :
- English
- ISSN :
- 09670750
- Volume :
- 25
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Economics of Transition
- Publication Type :
- Academic Journal
- Accession number :
- 120281643
- Full Text :
- https://doi.org/10.1111/ecot.12112