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Paper Stats:
Abstract Views: 486
Downloads: 35
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The Papua New Guinea Kina's Fear of Floating
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CHAKRIYA BOWMAN Australian National University - Crawford School of Economics and Government
June 2005
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Abstract:
Calvo and Reinhart (2002) demonstrated that there is a pervasive 'fear of floating' to be found in emerging market currencies, and that officially announced currency regimes may diverge from actual central bank practice. The Papua New Guinea kina is officially a floating currency, but there are a number of reasons why this is unlikely to be the case in practice. This analysis uses the Calvo and Reinhart method to show that, like many other emerging market 'floating' currencies, the kina more closely resembles a managed regime.
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Keywords: Foreign exchange, currency behavior
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JEL Classifications: F31, G15
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Working Paper Series
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Suggested Citation
Bowman, Chakriya, "The Papua New Guinea Kina's Fear of Floating"
(June 2005).
Available at SSRN: http://ssrn.com/abstract=759204
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Contact Information for
CHAKRIYA
BOWMAN
(Contact Author)
Email address for CHAKRIYA
BOWMAN
Australian National University - Crawford School of Economics and Government
Canberra ACT 0200
Australia
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