Dread of depreciation : measuring real exchange rate interventions /

Dread of depreciation : measuring real exchange rate interventions /

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Bibliographic Details
Author / Creator:	Dutta, Jayasri.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2002.
Description:	1 online resource (35 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/02/63 IMF working paper ; WP/02/63.
Subject:	Foreign exchange rates -- Econometric models. Intervention (Federal government) -- Econometric models. Currency question -- Econometric models. Depreciation -- Econometric models. Currency question -- Econometric models. Depreciation -- Econometric models. Foreign exchange rates -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497238

Hidden Bibliographic Details
Other authors / contributors:	Leon, H. L. (Hyginus Leon) IMF Institute. International Monetary Fund.
ISBN:	1451895119 9781451895117 1281601411 9781281601414 1462365140 9781462365142 1452760365 9781452760360 9786613782106 6613782106
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.
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.
Other form:	Print version: Dutta, Jayasri. Dread of depreciation. [Washington, D.C.] : International Monetary Fund, ©2002
Standard no.:	10.5089/9781451895117.001

Description
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.
Physical Description:	1 online resource (35 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 32-35).
ISBN:	1451895119 9781451895117 1281601411 9781281601414 1462365140 9781462365142 1452760365 9781452760360 9786613782106 6613782106
ISSN:	2227-8885 ;