The Relative Effectiveness of Spot and Derivatives Based Intervention : The Case of Brazil /

This paper studies the relative effectiveness of foreign exchange intervention in spot and derivatives markets. We make use of Brazilian data where spot and non-deliverable futures based intervention have been used in tandem for more than a decade. The analysis finds evidence in favor of a significa...

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Bibliografiske detaljer
Hovedforfatter: Nedeljkovic, Milan
Andre forfattere: Saborowski, Christian
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2017.
Serier:IMF Working Papers; Working Paper ; No. 2017/011
Online adgang:Full text available on IMF