Dread of Depreciation Measuring Real Exchange Rate Interventions
We specify an empirical framework to detect the effects of official intervention on real exchange rate dynamics. Using data for 27 advanced and emerging market economies, we find evidence that interventions are a near-universal practice; almost all countries intervene when real exchange rates deprec...
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Format: | Elektronisch E-Book |
Sprache: | English |
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Washington, D.C
International Monetary Fund
2002
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Schriftenreihe: | IMF Working Papers
Working Paper No. 02/63 |
Online-Zugang: | DE-20 DE-824 DE-70 DE-155 DE-29 DE-22 DE-473 DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-739 DE-355 DE-Aug4 DE-1049 DE-12 DE-91 URL des Erstveröffentlichers |
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520 | 3 | |a We specify an empirical framework to detect the effects of official intervention on real exchange rate dynamics. Using data for 27 advanced and emerging market economies, we find evidence that interventions are a near-universal practice; almost all countries intervene when real exchange rates depreciate; interventions reduce the degree of persistence in real exchange rates; and the defense of an overvalued currency tends to be contractionary | |
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language | English |
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series2 | IMF Working Papers |
spellingShingle | Dutta, Jayasri Dread of Depreciation Measuring Real Exchange Rate Interventions |
title | Dread of Depreciation Measuring Real Exchange Rate Interventions |
title_auth | Dread of Depreciation Measuring Real Exchange Rate Interventions |
title_exact_search | Dread of Depreciation Measuring Real Exchange Rate Interventions |
title_full | Dread of Depreciation Measuring Real Exchange Rate Interventions Dutta, Jayasri |
title_fullStr | Dread of Depreciation Measuring Real Exchange Rate Interventions Dutta, Jayasri |
title_full_unstemmed | Dread of Depreciation Measuring Real Exchange Rate Interventions Dutta, Jayasri |
title_short | Dread of Depreciation |
title_sort | dread of depreciation measuring real exchange rate interventions |
title_sub | Measuring Real Exchange Rate Interventions |
url | http://elibrary.imf.org/view/IMF001/01904-9781451848434/01904-9781451848434/01904-9781451848434.xml |
work_keys_str_mv | AT duttajayasri dreadofdepreciationmeasuringrealexchangerateinterventions |