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Key Features:Includes contributions from top academic scholars and economic policy-makers on Asian monetary and financial policiesBroaches important issues of contemporary relevance on Asian monetary and financial issuesUtilizes rigorous techniques and latest available data, yet clearly written...
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The foreign exchange reserves of the Czech National Bank (CNB) increased roughly three and a half times to EUR 124 … led the CNB to review how the reserves are managed. This article explains the functions of the foreign exchange reserves … describes the CNB's reserve management principles and the changes it has adopted in this area since 2017.Full Publication …
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Many developing countries have increased their foreign reserve stocks dramatically in recent years, often motivated by the desire for precautionary self-insurance. One of the negative consequences of large accumulations for these countries is the risk of valuation losses. In this paper we...
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The purpose of this study is to determine the relationship between monetary policy and the exchange market pressure index in Turkey for the 2002-2018 period with monthly data. To obtain the foreign exchange market pressure index, this study uses the model developed by L. Girton and D.E. Roper...
Persistent link: https://www.econbiz.de/10012264610
Purpose – Reserve Options Mechanism (ROM) is a new policy tool of Central Bank of the Republic of Turkey (CBRT). In this study, it is aimed to examine the effect of the ROM on USD/TL exchange rate volatility. Design/methodology/approach – The effects of the ROM and the direct foreign...
Persistent link: https://www.econbiz.de/10011593647
This study contributes to the measurement of exchange market pressure and central bank intervention policy in a system of floating currency and partly sterilized foreign exchange interventions. A model-consistent approach is used. The measures of exchange market pressure and degree of...
Persistent link: https://www.econbiz.de/10014144648