Macroeconomic Impact of Foreign Exchange Intervention : Some Cross-country Empirical Findings /
Based on VAR analyses across 26 countries, we show that, although foreign exchange intervention (FXI) is effective in stabilizing the nominal exchange rate in the short run, its impacts on the real exchange rate are less significant: Limitations on nominal exchange rate flexibility may induce adjust...
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| Other Authors: | , |
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Series: | IMF Working Papers; Working Paper ;
No. 2021/126 |
| Subjects: | |
| Online Access: | Full text available on IMF |