Foreign Exchange Intervention: A New Database

We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions f

DataCite Commons2023-11-15 更新60

Foreign Exchange Intervention Redux

Received wisdom posits that sterilized foreign exchange intervention can be effective by altering the currency composition of assets held by the public. This paper proposes an alternative channel: ste

NBER2018-04-01 更新10

Sudden Stops and Optimal Foreign Exchange Intervention

We model sudden stops in a small open economy as rare discrete events precipitated by increases in the world risk-free rate. When external debt is large, the model exhibits multiple equilibria, one wh

NBER2020-11-01 更新30