The Empirics of Foreign Exchange Intervention in Emerging Markets : The Cases of Mexico and Turkey /
This paper analyzes the effects of intervention on the level and volatility of the exchange rate in Mexico and Turkey, two emerging countries that have floating exchange rate regimes. The paper finds mixed evidence on the effectiveness of intervention. In Mexico, foreign exchange sales have a small...
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Format: | Tidsskrift |
Sprog: | English |
Udgivet: |
Washington, D.C. :
International Monetary Fund,
2004.
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Serier: | IMF Working Papers; Working Paper ;
No. 2004/123 |
Online adgang: | Full text available on IMF |