Factors Influencing Emerging Market Central Banks' Decision to Intervene in Foreign Exchange Markets /

Using panel data for 15 economies from 2001-12, I identify determinants of central bank foreign exchange intervention in emerging markets ('EMs') with flexible to moderately managed exchange rates. Similar to other studies, I find that central banks tend to 'lean against the wind,...

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Bibliographic Details
Main Author: Malloy, Matthew
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/070
Online Access:Full text available on IMF