Intervention Under Inflation Targeting : When Could It Make Sense? /

We investigate the motives inflation-targeting central banks in emerging markets may have for intervening in foreign exchange markets and evaluate the case for such interventions based on the existing literature. Our findings suggest that the rationale for interventions depends on initial conditions...

Cijeli opis

Bibliografski detalji
Glavni autor: Hofman, David
Daljnji autori: Chamon, Marcos, Deb, Pragyan, Harjes, Thomas
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2020.
Serija:IMF Working Papers; Working Paper ; No. 2020/009
Online pristup:Full text available on IMF