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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Hlavní autor: Nedeljkovic, Milan
Další autoři: Saborowski, Christian
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2017.
Edice:IMF Working Papers; Working Paper ; No. 2017/011
On-line přístup:Full text available on IMF