Motives and Effectiveness of Forex Interventions: Evidence from Peru

Motives and Effectiveness of Forex Interventions: Evidence from Peru
This paper assesses empirically the motives and effectiveness of forex interventions in Peru. While the central bank of Peru states that its forex interventions aim only at containing excessive exchange rate volatility, the results of this paper show that, in practice, the interventions seem to have aimed at "leaning against the wind" as well.... READ MORE...

Publication date: December 2014
ISBN 9781484340189
$18.00

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