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Unveiling the Effects of Foreign Exchange Intervention
Language: en
Pages: 42
Authors: Gustavo Adler
Categories: Business & Economics
Type: BOOK - Published: 2015-06-23 - Publisher: International Monetary Fund

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We study the effect of foreign exchange intervention on the exchange rate relying on an instrumental-variables panel approach. We find robust evidence that inte
The Cost of Foreign Exchange Intervention
Language: en
Pages: 37
Authors: Gustavo Adler
Categories: Business & Economics
Type: BOOK - Published: 2016-04-12 - Publisher: International Monetary Fund

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The accumulation of large foreign asset positions by many central banks through sustained foreign exchange (FX) intervention has raised questions about its asso
Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework
Language: en
Pages: 33
Authors: Romain Lafarguette
Categories: Business & Economics
Type: BOOK - Published: 2021-02-12 - Publisher: International Monetary Fund

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This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI ru
The Relative Effectiveness of Spot and Derivatives Based Intervention
Language: en
Pages: 35
Authors: Milan Nedeljkovic
Categories: Business & Economics
Type: BOOK - Published: 2017-01-24 - Publisher: International Monetary Fund

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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
Market Volatility and Foreign Exchange Intervention in EMEs
Language: es
Pages: 0
Authors: Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico
Categories: Banks and banking, Central
Type: BOOK - Published: 2013 - Publisher:

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