Unveiling the Effects of Foreign Exchange Intervention : A Panel Approach /
We study the effect of foreign exchange intervention on the exchange rate relying on an instrumental-variables panel approach. We find robust evidence that intervention affects the level of the exchange rate in an economically meaningful way. A purchase of foreign currency of 1 percentage point of G...
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| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2015.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2015/130 |
| Acesso em linha: | Full text available on IMF |