Foreign Exchange Intervention PDF
By:International Monetary Fund
Published on 2011-07-01 by International Monetary Fund
This paper examines foreign exchange intervention practices and their effectiveness using a new qualitative and quantitative database for a panel of 15 economies covering 2004 - 10, with special focus on Latin America. Qualitatively, it examines institutional aspects such as declared motives, instruments employed, the use of rules versus discretion, and the degree of transparency. Quantitatively, it assesses the effectiveness of sterilized interventions in influencing the exchange rate using a two-stage IV-panel data approach to overcome endogeneity bias. Results suggest that interventions slow the pace of appreciation, but the effects decrease rapidly with the degree of capital account openness. At the same time, interventions are more effective in the context of already ?overvalued'' exchange rates.
This Book was ranked at 22 by Google Books for keyword International Exports Imports novel.
Book ID of Foreign Exchange Intervention's Books is 9rfH5CooifAC, Book which was written byInternational Monetary Fundhave ETAG "bnDHq+yFy6s"
Book which was published by International Monetary Fund since 2011-07-01 have ISBNs, ISBN 13 Code is 9781462302215 and ISBN 10 Code is 1462302211
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Book which have "29 Pages" is Printed at BOOK under CategoryBusiness and Economics
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