Foreign Exchange Intervention : A Dataset of Public Data and Proxies /

Foreign exchange intervention (FXI) is a highly debated topic. Yet, comprehensive and comparable data on FXI is hard to find. This paper provides a new dataset of FXI covering a large number of countries over the period 2000-20 at monthly and quarterly frequencies. It includes publicly available dat...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Adler, Gustavo
Awduron Eraill: Chang, Kyun Suk, Mano, Rui, Shao, Yuting
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2021.
Cyfres:IMF Working Papers; Working Paper ; No. 2021/047
Mynediad Ar-lein:Full text available on IMF
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020 |z 9781513566672 
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100 1 |a Adler, Gustavo. 
245 1 0 |a Foreign Exchange Intervention :   |b A Dataset of Public Data and Proxies /  |c Gustavo Adler, Kyun Suk Chang, Rui Mano, Yuting Shao. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (55 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Foreign exchange intervention (FXI) is a highly debated topic. Yet, comprehensive and comparable data on FXI is hard to find. This paper provides a new dataset of FXI covering a large number of countries over the period 2000-20 at monthly and quarterly frequencies. It includes publicly available data for about 40 countries and carefully constructed proxies for 122 countries. Proxies are focused on both spot and derivative transactions that alter the central bank's foreign currency position and account for a wide range of central bank operations, including vis-a-vis residents, the first proxy to do so to our knowledge. The paper discusses the merits of the new proxy relative to coarser measures traditionally used like the change in reserves, and potential definitional differences with published data. The paper also presents stylized facts using our newly constructed FXI proxies. 
538 |a Mode of access: Internet 
700 1 |a Chang, Kyun Suk. 
700 1 |a Mano, Rui. 
700 1 |a Shao, Yuting. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/047 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/047/001.2021.issue-047-en.xml  |z IMF e-Library