Moon, Woosik; Rhee, Yeongseop - In: Banca Nazionale del Lavoro Quarterly Review 59 (2006) 238, pp. 243-268
This study shows that, among the two crisis periods of 1997, January-March and September-November, the spot market interventions were effective in stabilizing the Korean currency in the first period, whereas there is no evidence that the forward market interventions were effective in either of...