Exchange Rates and Dollarization

Ilzetzki, Ethan, Carmen M. Reinhart, and Kenneth Rogoff Exchange Rate Arrangements in the 21st Century: Which Anchor Will Hold?, National Bureau of Economic Research, Working Paper 23134, February 2017. Forthcoming in Quarterly Journal of Economics, May 2019.

Ilzetzki, Ethan, Carmen M. Reinhart, and Kenneth Rogoff The Country Chronologies to Exchange Rate Arrangements into the 21st Century: Will the Anchor Currency Hold? National Bureau of Economic Research, Working Paper 23135, February 2017.

Annual currency anchor, 1946-2016
Monthly currency anchor, 1946:1 - 2016:12
Annual exchange rate classification, 1946-2016
M
onthly exchange rate classification, 1946:1 - 2016:12
Annual unified market analysis, 1946-2016

Reinhart, Carmen M., Vincent R. Reinhart, and Takeshi Tashiro Does Reserve Accumulation Crowd Out Investment? Journal of International Money and Finance. Vol. 63, May 2016, 89-111.

Reinhart, Carmen M., Kenneth S. Rogoff, and Miguel A. Savastano. Addicted to Dollars  Annals of Economics and Finance, Society for AEF, Vol. 15(1), May 2014, pages 1-52.

Reinhart, Carmen M., Carlos A. Végh, Do Exchange Rate Based Stabilizations Carry the Seeds of Their Own Destruction?, MPRA Working Paper 8952, June 2008.

Reinhart, Carmen M., and Kenneth S. Rogoff The Modern History of Exchange Rate Arrangements: A Reinterpretation,  Quarterly Journal of Economics, Vol. CXIX No. 1, February 2004, 1-48.

Background material:
A Modern History of Exchange Rate Arrangements: The Country Histories, 1946-2001
A Modern History of Exchange Rate Arrangements: Chartbook, 1946-2001
A Modern History of Exchange Rate Arrangements: Parallel Markets and Dual and Multiple Exchange Rates

Reinhart, Carmen M., and Vincent R. Reinhart, Twin Fallacies About Exchange Rate Policy in Emerging Markets, Moneda y Crédito Vol. 216, 2003, 11-29.

Reinhart, Carmen M., and Vincent R. Reinhart, What Hurts Most: G-3 Exchange Rate or Interest Rate Volatility? in Sebastian Edwards and Jeffrey Frankel, eds. Preventing Currency Crises in Emerging Markets (Chicago: University of Chicago Press for the NBER, 2001), 73-99.

Reinhart, Carmen M., and Vincent R. Reinhart, Is a G-3 Target Zone on Target for Emerging Markets?  Finance and Development, Vol. 39(1), March 2002, 17-19.

Calvo, Guillermo A., and Carmen M. Reinhart, Fixing for Your Life, in Susan Collins and Dani Rodrik, eds., Brookings Trade Forum 2000 (Washington, DC: Brookings Institution, 2001), 1-39.

Calvo, Guillermo A., and Carmen M. Reinhart, Reflections on Dollarization, in Alberto Alesina and Robert Barro (eds.), Currency Unions (Stanford: Hoover Institute Press, 2001), 39-47.

Calvo, Guillermo A., and Carmen M. Reinhart, Fear of Floating, Quarterly Journal of Economics, Vol. CXVII(2), May 2002, 379-408.
Note: The NBER Working Paper 7993, November 2000 version examines aspects of the relationship between primary commodity shocks and exchange rate responses.

Background material:
Variance ratios.
Fear of Floating: Exchange Rate Flexibility Indices

Reinhart, Carmen M., The Mirage of Floating Exchange Rates, American Economic Review, Vol. 90, No. 2, May 2000, 65-70.

Calvo, Guillermo A., and Carmen M. Reinhart, Capital Flow Reversals, the Exchange Rate Debate, and Dollarization,  Finance and Development, Vol. 36(3), September 1999, 13-15.

Reinhart, Carmen M., Devaluation, Relative Prices, and Trade, IMF Staff Papers, Vol. 42, No. 2, June 1995, 290-312.

Calvo, Guillermo A., Carmen M. Reinhart, and Carlos A. Végh Targeting the Real Exchange Rate: Theory and Evidence, Journal of Development Economics, Vol. 47, June 1995, 97-133.