On the Effectiveness of Exchange Rate Interventions in Emerging Markets
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/on-the-effectiveness-of-exchange-rate-interventions-in-emerging-markets_5jxwwfmxfdth-en.html
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资源简介：
We analyse the effectiveness of exchange rate interventions for a panel of 18 emerging
market economies during the period 2003-11. Using an error-correction model approach, we find
that on average intervention is effective in moving the real exchange rate in the desired direction,
controlling for deviations from the equilibrium and short-term...
