Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks? /
Many emerging market economies have relied on foreign exchange intervention (FXI) in response to gross capital inflows. In this paper, we study whether FXI has been an effective tool to dampen the effects of these inflows on the exchange rate. To deal with endogeneity issues, we look at the response...
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2015/159 |
| Acesso em linha: | Full text available on IMF |