Editorial
This paper investigates the relationship between the exchange rate regime and the degree of structural reforms using panel data techniques. The authors look at a broad sample of countries (the “world sample”) and also an OECD sample. The main findings suggest that adopting a fixed exchange rate rule is positively correlated with the degree of over-all structural reforms and the trade component. The paper also highlights the fact that considering a heterogeneous panel of countries as opposed to a limited does not matter for these results.