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,...

Descrición completa

Detalles Bibliográficos
Autor Principal: Malloy, Matthew
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/070
Acceso en liña:Full text available on IMF