Do FX Interventions Lead to Higher FX Debt? : Evidence from Firm-Level Data /

Central banks often buy or sell reserves---so called FX interventions (FXIs)---to dampen sharp exchange rate movements caused by volatile capital flows. At the same time, these interventions may entail unintended side effects. In this paper, we investigate whether FXIs incentivize firms to take on m...

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Bibliografski detalji
Glavni autor: Kim, Minsuk
Daljnji autori: Mano, Rui, Mrkaic, Mico
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2020.
Serija:IMF Working Papers; Working Paper ; No. 2020/197
Online pristup:Full text available on IMF