Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/38818
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dc.contributor.authorBrause, Alexanderen_US
dc.date.accessioned2009-03-11en_US
dc.date.accessioned2010-08-17T12:38:47Z-
dc.date.available2010-08-17T12:38:47Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/38818-
dc.description.abstractAcademic literature on foreign exchange market intervention in emerging market countries has grown in recent years. Until now, existing studies have ignored the possible feature of time varying motives and impact effects for/of interventions as well as the relationship to underlying economic and monetary policy fundamentals. Especially, for emerging markets, which are likely to face structural changes, accounting for these aspects is of crucial importance. This paper aims to contribute to this new .eld of research, by applying rolling estimation frameworks with the purpose to capture changing intervention dynamics. The used methodology allows to disentangle the evolution of intervention objectives and their effectiveness. Furthermore, the development of intervention relationships should be backed by corresponding economic and monetary policy fundamentals. Results for Argentinean experience indicate that (i) intervention motives have varied over time, (ii) impact effects were greatest when interventions were not sterilized and exchange as well as capital restrictions were in place, (iii) motive and impact eþects can be explained by economic and monetary policy fundamentals.en_US
dc.language.isoengen_US
dc.publisher|aUniv., Lehrstuhl für VWL 1 |cWürzburgen_US
dc.relation.ispartofseries|aWürzburg economic papers |x79en_US
dc.subject.jelC22en_US
dc.subject.jelE52en_US
dc.subject.jelF31en_US
dc.subject.ddc330en_US
dc.subject.keywordExchange ratesen_US
dc.subject.keywordInterventionen_US
dc.subject.keywordArgentinaen_US
dc.subject.keywordRolling estimationen_US
dc.subject.stwWechselkurspolitiken_US
dc.subject.stwZeitökonomiken_US
dc.subject.stwZeitreihenanalyseen_US
dc.subject.stwArgentinienen_US
dc.titleForeign exchange interventions in emerging market countries: New lessons from Argentinaen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn593500261en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:wuewep:79-

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