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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Автор: Karacadag, Cem
Інші автори: Guimaraes, Roberto
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2004.
Серія:IMF Working Papers; Working Paper ; No. 2004/123
Онлайн доступ:Full text available on IMF