Hidden Bibliographic Details
| Other authors / contributors: | Leon, H. L. (Hyginus Leon)
IMF Institute.
International Monetary Fund.
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| ISBN: | 1451895119
9781451895117
1281601411
9781281601414
1462365140
9781462365142
1452760365
9781452760360
9786613782106
6613782106
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| Notes: | Includes bibliographical references (pages 32-35).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | We specify an empirical framework to detect the effects of official intervention on real exchange rate dynamics. Using data for 27 advanced and emerging market economies, we find evidence that interventions are a near-universal practice; almost all countries intervene when real exchange rates depreciate; interventions reduce the degree of persistence in real exchange rates; and the defense of an overvalued currency tends to be contractionary.
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| Other form: | Print version: Dutta, Jayasri. Dread of depreciation. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451895117.001
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