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...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Kim, Minsuk
مؤلفون آخرون: Mano, Rui, Mrkaic, Mico
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2020.
سلاسل:IMF Working Papers; Working Paper ; No. 2020/197
الوصول للمادة أونلاين:Full text available on IMF