When is foreign exchange intervention effective? Evidence from 33 countries
This paper examines foreign exchange intervention based on novel daily data covering 33
countries from 1995 to 2011. We find that intervention is widely used and an effective policy …
countries from 1995 to 2011. We find that intervention is widely used and an effective policy …
Capital flows and foreign exchange intervention
P Cavallino - American Economic Journal: Macroeconomics, 2019 - aeaweb.org
I consider a small open economy model where international financial markets are imperfect
and the exchange rate is determined by capital flows. I use this framework to study the …
and the exchange rate is determined by capital flows. I use this framework to study the …
Capital flows at risk: Taming the ebbs and flows
We propose a new quantile regression framework to predict the entire future probability
distribution of capital flows to emerging markets, based on changes in global financial …
distribution of capital flows to emerging markets, based on changes in global financial …
[图书][B] A quantitative model for the integrated policy framework
Many central banks have relied on a range of policy tools, including foreign exchange
intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of …
intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of …
[图书][B] Foreign exchange intervention: A dataset of public data and proxies
G Adler, KS Chang, R Mano, Y Shao - 2021 - books.google.com
Foreign exchange intervention (FXI) is a highly debated topic. Yet, comprehensive and
comparable data on FXI is hard to find. This paper provides a new dataset of FXI covering a …
comparable data on FXI is hard to find. This paper provides a new dataset of FXI covering a …
[图书][B] Leaning against the wind: A cost-benefit analysis for an integrated policy framework
This paper takes a new approach to assess the costs and benefits of using different policy
tools—macroprudential, monetary, foreign exchange interventions, and capital flow …
tools—macroprudential, monetary, foreign exchange interventions, and capital flow …
On the effectiveness of exchange rate interventions in emerging markets
We analyze the effectiveness of exchange rate interventions for a panel of 18 emerging
market economies during the period 2003–2011. Using an error-correction model approach …
market economies during the period 2003–2011. Using an error-correction model approach …
[图书][B] A quantitative microfounded model for the integrated policy framework
We develop a microfounded New Keynesian model to analyze monetary policy and financial
stability issues in open economies with financial fragilities and weakly anchored inflation …
stability issues in open economies with financial fragilities and weakly anchored inflation …
[图书][B] Currency conflict and trade policy: A new strategy for the United States
CF Bergsten, JE Gagnon - 2017 - books.google.com
Conflicts over currency valuations are a recurrent feature of the modern global economy. To
strengthen their international competitiveness, many countries resort to buying foreign …
strengthen their international competitiveness, many countries resort to buying foreign …
[HTML][HTML] International capital flow pressures and global factors
LS Goldberg, S Krogstrup - Journal of International Economics, 2023 - Elsevier
The risk sensitivity of international capital flow pressures is explored using a new Exchange
Market Pressure index that combines pressures observed in exchange rate adjustments with …
Market Pressure index that combines pressures observed in exchange rate adjustments with …