Foreign exchange intervention: a new database

Saved in:

Authors and Corporations:

Fratzscher, Marcel (Author), Heidland, Tobias (Author), Menkhoff, Lukas (Author), Sarno, Lucio (Author), Schmeling, Maik (Author)

Other Authors:

Heidland, Tobias [Author] • Menkhoff, Lukas 1958- [Author] • Sarno, Lucio 1970- [Author] • Schmeling, Maik 1978- [Author]

Type of Resource:

E-Book

Language:

English

published:

Berlin DIW Berlin, German Institute for Economic Research 2020

Series:

Subjects:

Foreign exchange intervention

capital controls

macroprudential regulation

international capital flows

Graue Literatur

Source:

Verbunddaten SWB
Lizenzfreie Online-Ressourcen

Description
Summary:	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.
Physical Description:	1 Online-Ressource (circa 62 Seiten); Illustrationen