Labor Market Flexibility and Exchange Rates

• In Event: The Politics of Debt and Exchange Rates

Brief Overview

This paper explores the relationship between Varieties of Capitalism and currency regimes. Compared to liberal market economies, coordinated market economies perform better under fixed exchange rate regimes and thus are more likely to choose them.

Authors

• Vytautas Kuokstis, Vilnius University

• Simonas Algirdas Spurga, Vilnius University

• Muhammad Asali, Columbia University