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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Xehetasun bibliografikoak
Egile nagusia: Adler, Gustavo
Beste egile batzuk: Lisack, Noemie, Mano, Rui
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2015.
Saila:IMF Working Papers; Working Paper ; No. 2015/130
Sarrera elektronikoa:Full text available on IMF

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