Factors Influencing Emerging Market Central Banks’ Decision to Intervene in Foreign Exchange Markets

WP/13/70

Nopic
Using panel data for 15 economies from 2001-12, I identify determinants of central bank foreign exchange intervention in emerging markets ("EMs") with flexible to moderately managed exchange rates. Similar to other studies, I find that central banks tend to "lean against the wind," buying/selling more foreign exchange in response to greater... READ MORE...

Publication date: March 2013
ISBN 9781475532814
$18.00

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Publication date: March 2013

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Publication date: March 2013

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