Soft peg regimes : sensitivity to crises and performance

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buir.advisorBöke, Selin Sayek
dc.contributor.authorGedik, Nilgün Şayeste
dc.date.accessioned2016-01-08T18:15:04Z
dc.date.available2016-01-08T18:15:04Z
dc.date.issued2011
dc.departmentDepartment of Economicsen_US
dc.descriptionAnkara : The Department of Economics, İhsan Doğramacı Bilkent University, 2011.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2011.en_US
dc.descriptionIncludes bibliographical references leaves 115-119.en_US
dc.description.abstractIn this thesis, soft peg regimes’ sensitivity to crises and performance are investigated after a brief review of exchange rate regimes and their historical evolutions. The currency crisis faced by emerging countries under adaptation of soft peg regimes in the 1990s and in the beginning of 2000s revealed the suspicions on soft peg regimes’ vulnerability to crisis. With the increased tendency of countries adaptation of floating regimes after abandonment of soft pegs, some arguments emerged inquiring the appearance of soft peg regimes in the literature. The Corner Hypothesis, which defends the disappearance of soft peg regimes and its counter argument The Fear Of Floating, which does not accept the disappearance and another argument The Basket, Band and Crawl Arrangements, which provides alternative soft peg regimes are analyzed in this thesis. However, soft peg regimes’ vulnerability to currency crisis should not be investigated without the emerging countries’ common characteristics, which can be counted as lack of sound financial and fiscal structure and strong institutional framework. At the end of this study, importance of strong financial and fiscal structure of countries to provide macroeconomic balances including exchange rate regime is mentioned.en_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilityGedik, Nilgün Şayesteen_US
dc.format.extentxi, 119 leavesen_US
dc.identifier.urihttp://hdl.handle.net/11693/15213
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectExchange Rate Regimeen_US
dc.subjectThe Corner Hypothesisen_US
dc.subjectThe Fear of Floatingen_US
dc.subjectThe Basketen_US
dc.subjectBand and Crawl Arrangementsen_US
dc.subjectSoft Peg Regimesen_US
dc.subjectCurrency Crisesen_US
dc.subject.lccHG3851 .G43 2011en_US
dc.subject.lcshForeign exchange rates--Econometric models.en_US
dc.subject.lcshExchange rates--Econometric models.en_US
dc.subject.lcshMonetary policy.en_US
dc.subject.lcshCurrency crises--Mathematical models.en_US
dc.subject.lcshFinancial crises.en_US
dc.titleSoft peg regimes : sensitivity to crises and performanceen_US
dc.typeThesisen_US

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Dept. of Economics - Master's degree