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The Empirics of Foreign Exchange Intervention in Emerging Markets : The Cases of Mexico and Turkey

Karacadag, Cem - 2004

This paper analyzes the effects of intervention on the level and volatility of the exchange rate in Mexico and Turkey … intervention. In Mexico, foreign exchange sales have a small impact on the exchange rate level and raise short-term volatility …, while in Turkey, intervention does not appear to affect the exchange rate level but reduces its shortterm volatility. In …

Persistent link: https://www.econbiz.de/10014404096

Floating Exchange Rates in Africa

International Monetary Fund - 1988

The paper examines the experiences of nine African countries that have introduced floating exchange rate regimes in the 1980s. The various types of market arrangements are explored, focusing on the roles of market participants. After a review of exchange rate developments under the regimes, some...

Persistent link: https://www.econbiz.de/10014396080

Evolution of exchange rate behavior in the ASEAN-5 countries

Kljuev, Vladimir Vladimirovič; Dao, To-Nhu - 2016

-term volatility, particularly vis-a-vis the U.S. dollar. The degree of smoothing declined noticeably after the Asian Financial Crisis …

Persistent link: https://www.econbiz.de/10011715137

Exchange Rate Flexibility, Volatility and the Patterns of Domestic and Foreign Direct Investment

Aizenman, Joshua - 1992

positive) correlation between exchange rate volatility and the level of investment …

Persistent link: https://www.econbiz.de/10014398688

Patterns of foreign exchange intervention under inflation targeting

Adler, Gustavo; Chang, Kyun Suk; Wang, Zijiao - 2020

The paper documents the use of foreign exchange intervention (FXI) across countries and monetary regimes, with special attention to its use under inflation targeting (IT). We find significant differences between advanced and emerging market economies, with the former group conducting FXI...

Persistent link: https://www.econbiz.de/10012251394

Policy Responses to External Imbalances in Emerging Market Economies : Further Empirical Results

Carranza, Luis - 1998

A bivariate vector-autoregression (VAR) model is used to test causal relations between the current account and the capital account in four emerging market economies. The results show that high capital mobility could be a major cause of current account instability. Therefore, macroeconomic policy...

Persistent link: https://www.econbiz.de/10014403375

Speculative Attacks and Currency Crises : The Mexican Experience

Ötker, Inci - 1995

This paper estimates a speculative attack model of currency crises in order to identify the role of economic fundamentals and any early warning signals of a potential currency crisis. The data from the Mexican economy was used to illustrate the model. Based on the results, a deterioration in...