Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/226365
Authors: 
Fratzscher, Marcel
Heidland, Tobias
Menkhoff, Lukas
Sarno, Lucio
Schmeling, Maik
Year of Publication: 
2020
Series/Report no.: 
Kiel Working Paper No. 2171
Abstract: 
We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. Our new dataset allows us to document stylized facts about the use of foreign exchange interventions for countries that neither publish their data nor make them available to researchers. Moreover, we show that foreign exchange interventions are used in a complementary way with capital controls and macroprudential regulation.
Subjects: 
foreign exchange intervention
capital controls
macroprudential regulation
international capital flows
JEL: 
F31
F33
E58
Document Type: 
Working Paper

Files in This Item:
File
Size
819.29 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.