exchange rate with forex interventions to moderate exchange rate volatility. Using a panel data model for 37 countries we find … countries have been more effective in reducing volatility than in non-IT countries, which may justify the use of flexible IT by …

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 …

volatility risk. During periods of high volatility innovations, the average carry trade returns on emerging markets are higher …

volatility are not associated with an adjustment of the near-term exchange rate forecasts in the direction of depreciation, and … have had unintended effects in the sense that it can lead to undesired volatility in the exchange rate, which is consistent …