Series: IMF Working Papers
Author(s): Jayasri Dutta
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2002
Keywords: interventions, parity conditions, exchange rates, exchange rate, real exchange rate, equation,
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 n...