A Theory of Foreign Exchange Interventions

Citations

Cited by:

1. Maggiori, Matteo, 2021. "International Macroeconomics With Imperfect Financial Markets," SocArXiv z8g6r, Center for Open Science.
2. Kolasa, Marcin & Wesołowski, Grzegorz, 2023. "Quantitative easing in the US and financial cycles in emerging markets," Journal of Economic Dynamics and Control, Elsevier, vol. 149(C).
   • Marcin Kolasa & Grzegorz Wesołowski, 2021. "Quantitative Easing in the US and Financial Cycles in Emerging Markets," KAE Working Papers 2021-063, Warsaw School of Economics, Collegium of Economic Analysis.
   • Marcin Kolasa & Grzegorz Wesołowski, 2022. "Quantitative Easing in the US and Financial Cycles in Emerging Markets," Working Papers 2022-15, Faculty of Economic Sciences, University of Warsaw.
3. Jeanne, Olivier & Sandri, Damiano, 2023. "Global financial cycle and liquidity management," Journal of International Economics, Elsevier, vol. 146(C).
   • Olivier Jeanne & Damiano Sandri, 2022. "Global Financial Cycle and Liquidity Management," NBER Chapters, in: NBER International Seminar on Macroeconomics 2022, National Bureau of Economic Research, Inc.
   • Olivier Jeanne & Damiano Sandri, 2020. "Global Financial Cycle and Liquidity Management," NBER Working Papers 27901, National Bureau of Economic Research, Inc.
   • Damiano Sandri & Olivier Jeanne, 2023. "Global financial cycle and liquidity management," BIS Working Papers 1069, Bank for International Settlements.
   • Jeanne, Olivier & Sandri, Damiano, 2020. "Global Financial Cycle and Liquidity Management," CEPR Discussion Papers 15328, C.E.P.R. Discussion Papers.
4. Oleg Itskhoki & Dmitry Mukhin, 2022. "Sanctions and the Exchange Rate," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(3), pages 148-151, May.
   • Itskhoki, Oleg & Mukhin, Dmitry, 2022. "Sanctions and the Exchange Rate," CEPR Discussion Papers 17277, C.E.P.R. Discussion Papers.
   • Itskhoki, Oleg & Mukhin, Dmitry, 2022. "Sanctions and the exchange rate," LSE Research Online Documents on Economics 115564, London School of Economics and Political Science, LSE Library.
   • Oleg Itskhoki & Dmitry Mukhin, 2022. "Sanctions and the Exchange Rate," Discussion Papers 2206, Centre for Macroeconomics (CFM).
   • Oleg Itskhoki & Dmitry Mukhin, 2022. "Sanctions and the Exchange Rate," NBER Working Papers 30009, National Bureau of Economic Research, Inc.
5. Montoro, Carlos & Ortiz, Marco, 2023. "The portfolio balance channel of capital flows and foreign exchange intervention in a small open economy," Journal of International Money and Finance, Elsevier, vol. 133(C).
6. Lukas Menkhoff & Malte Rieth & Tobias Stohr, 2021. "The Dynamic Impact of FX Interventions on Financial Markets," The Review of Economics and Statistics, MIT Press, vol. 103(5), pages 939-953, December.
   • Menkhoff, Lukas & Rieth, Malte & Stöhr, Tobias, 2021. "The Dynamic Impact of FX Interventions on Financial Markets," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 103(5), pages 939-953.
   • Rieth, Malte & Menkhoff, Lukas & Stöhr, Tobias, 2019. "The dynamic impact of FX interventions on financial markets," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203504, Verein für Socialpolitik / German Economic Association.
   • Lukas Menkhoff & Malte Rieth & Tobias Stöhr, 2020. "The Dynamic Impact of FX Interventions on Financial Markets," Discussion Papers of DIW Berlin 1854, DIW Berlin, German Institute for Economic Research.
   • Menkhoff, Lukas & Rieth, Malte & Stöhr, Tobias, 2020. "The dynamic impact of FX interventions on financial markets," Kiel Working Papers 2151, Kiel Institute for the World Economy (IfW Kiel).
   • Menkhoff, Lukas & Rieth, Malte & Stöhr, Tobias, 2019. "The Dynamic Impact of FX Interventions on Financial Markets," Rationality and Competition Discussion Paper Series 205, CRC TRR 190 Rationality and Competition.
7. Yossi Yakhin, 2022. "Breaking the UIP: A Model‐Equivalence Result," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(6), pages 1889-1904, September.
   • Yakhin, Yossi, 2019. "Breaking the UIP: A Model-Equivalence Result," MPRA Paper 99267, University Library of Munich, Germany, revised 24 Mar 2020.
   • Yossi Yakhin, 2019. "Breaking the UIP: A Model-Equivalence Result," Bank of Israel Working Papers 2019.15, Bank of Israel, revised Mar 2020.
8. Simon P. Lloyd & Emile A. Marin, 2023. "Capital Controls and Free-Trade Agreements," Discussion Papers 2306, Centre for Macroeconomics (CFM).
   • Lloyd, S. P. & Marin, E. A., 2023. "Capital Controls and Free-Trade Agreements," Janeway Institute Working Papers 2307, Faculty of Economics, University of Cambridge.
   • Lloyd, S. P. & Marin, E. A., 2023. "Capital Controls and Free-Trade Agreements," Cambridge Working Papers in Economics 2318, Faculty of Economics, University of Cambridge.
9. Jeanne, Olivier, 2022. "Rounding the corners of the trilemma: A simple framework," Journal of International Money and Finance, Elsevier, vol. 122(C).
   • Jeanne, Olivier, 2021. "Rounding the corners of the trilemma: A simple framework," Economics Working Paper Archive 66655, The Johns Hopkins University,Department of Economics.
   • Jeanne, Olivier, 2021. "Rounding the Corners of the Trilemma: A Simple Framework," CEPR Discussion Papers 16717, C.E.P.R. Discussion Papers.
10. Jara, Alejandro & Piña, Marco, 2023. "Exchange rate volatility and the effectiveness of FX interventions: The case of Chile," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(2).
11. Christopher Loewald, 2021. "Macro works a decisiontree approach to exchange rate policy," Working Papers 11009, South African Reserve Bank.
12. J. Scott Davis & Michael B. Devereux & Changhua Yu, 2020. "Sudden Stops in Emerging Economies: The Role of World Interest Rates and Foreign Exchange Intervention," Globalization Institute Working Papers 405, Federal Reserve Bank of Dallas, revised 10 Sep 2021.
13. Boris Hofmann & Hyun Song Shin & Mauricio Villamizar-Villegas, 2019. "FX intervention and domestic credit: Evidence from high-frequency micro data," BIS Working Papers 774, Bank for International Settlements.
    • Boris Hofmann & Hyun Song Shin & Mauricio Villamizar-Villegas, 2019. "FX intervention and domestic credit: evidence from high-frequency micro data," Borradores de Economia 1069, Banco de la Republica de Colombia.
14. Kolasa, Marcin & Wesołowski, Grzegorz, 2020. "International spillovers of quantitative easing," Journal of International Economics, Elsevier, vol. 126(C).
    • Kolasa, Marcin & Wesołowski, Grzegorz, 2018. "International spillovers of quantitative easing," Working Paper Series 2172, European Central Bank.
    • Marcin Kolasa & Grzegorz Wesołowski, 2019. "International spillovers of quantitative easing," NBP Working Papers 309, Narodowy Bank Polski.
15. Faltermeier, Julia & Lama, Ruy & Medina, Juan Pablo, 2022. "Foreign exchange intervention for commodity booms and busts," European Economic Review, Elsevier, vol. 143(C).
16. Sandri, Damiano, 2023. "FX intervention to stabilize or manipulate the exchange rate? Inference from profitability," Journal of International Money and Finance, Elsevier, vol. 131(C).
    • Sandri, Damiano, 2020. "FX Intervention to Stabilize or Manipulate the Exchange Rate? Inference from Profitability," CEPR Discussion Papers 14897, C.E.P.R. Discussion Papers.
    • Damiano Sandri, 2022. "FX Intervention to Stabilize or Manipulate the Exchange Rate? Inference from Profitability," BIS Working Papers 1059, Bank for International Settlements.
17. Markus Hertrich & Daniel Nathan, 2022. "Foreign Exchange Interventions and their Impact on Expectations: Evidence from the USD/ILS Options Market," Bank of Israel Working Papers 2022.10, Bank of Israel.
    • Hertrich, Markus & Nathan, Daniel, 2022. "Foreign exchange interventions and their impact on expectations: Evidence from the USD/ILS options market," Discussion Papers 20/2022, Deutsche Bundesbank.
18. Anwer, Zaheer & Khan, Ashraf & Kabir Hassan, M. & Rashid, Mamunur, 2022. "Does the regional proximity lead to exchange rate spillover?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
19. Matteo Maggiori, 2021. "FX policy when financial markets are imperfect," BIS Working Papers 942, Bank for International Settlements.
20. Carlos Montoro & Marco Ortiz, 2020. "The Portfolio Channel of Capital Flows and Foreign Exchange Intervention in A Small Open Economy," Working Papers 168, Peruvian Economic Association.
21. Claeys, Grégory & Papioti, Chara & Tryphonides, Andreas, 2023. "Liquidity risk, market power and the informational effects of policy," Journal of International Economics, Elsevier, vol. 142(C).
    • Grégory Claeys & Chara Papioti & Andreas Tryphonides, 2020. "Liquidity Risk, Market Power and the Informational Effects of Policy," Working Papers 1206, Barcelona School of Economics.
    • Grégory Claeys & Chara Papioti & Andreas Tryphonides, 2023. "Liquidity risk, market power and the informational effects of policy," Post-Print hal-04164592, HAL.
22. Nikhil Patel & Paolo Cavllino, 2019. "FX intervention: goals, strategies and tactics," BIS Papers chapters, in: Bank for International Settlements (ed.), Reserve management and FX intervention, volume 104, pages 25-44, Bank for International Settlements.
23. Yossi Yakhin, 2024. "Foreign Exchange Interventions in the New-Keynesian Model: Transmission, Policy, and Welfare," Bank of Israel Working Papers 2024.01, Bank of Israel.
24. Yun, Youngjin, 2020. "Reserve accumulation and bank lending: Evidence from Korea," Journal of International Money and Finance, Elsevier, vol. 105(C).
    • Youngjin Yun, 2018. "Reserve Accumulation and Bank Lending: Evidence from Korea," Working Papers 2018-15, Economic Research Institute, Bank of Korea.
    • Youngjin Yun, 2018. "Reserve Accumulation and Bank Lending: Evidence from Korea," GRU Working Paper Series GRU_2018_007, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
25. Cavallino, Paolo & Sandri, Damiano, 2023. "The open-economy ELB: Contractionary monetary easing and the trilemma," Journal of International Economics, Elsevier, vol. 140(C).
    • Sandri, Damiano & Cavallino, Paolo, 2020. "The Open-Economy ELB: Contractionary Monetary Easing and the Trilemma," CEPR Discussion Papers 14683, C.E.P.R. Discussion Papers.
26. Samano, Agustin, 2022. "International reserves and central bank independence," Journal of International Economics, Elsevier, vol. 139(C).
    • Samano Penaloza,Agustin, 2021. "International Reserves and Central Bank Independence," Policy Research Working Paper Series 9832, The World Bank.
27. Rebucci, Alessandro & Ma, Chang, 2019. "Capital Controls: A Survey of the New Literature," CEPR Discussion Papers 14186, C.E.P.R. Discussion Papers.
    • Alessandro Rebucci & Chang Ma, 2019. "Capital Controls: A Survey of the New Literature," NBER Working Papers 26558, National Bureau of Economic Research, Inc.
28. Davis, J. Scott & Devereux, Michael B. & Yu, Changhua, 2023. "Sudden stops and optimal foreign exchange intervention," Journal of International Economics, Elsevier, vol. 141(C).
    • J. Scott Davis & Michael B. Devereux & Changhua Yu, 2020. "Sudden Stops and Optimal Foreign Exchange Intervention," NBER Working Papers 28079, National Bureau of Economic Research, Inc.
29. Pierre Olivier Gourinchas, 2023. "International Macroeconomics: From the Great Financial Crisis to COVID-19, and Beyond," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(1), pages 1-34, March.
30. Kathryn M. E. Dominguez, 2020. "Revisiting Exchange Rate Rules," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(3), pages 693-719, September.
31. Giancarlo Corsetti & Seung Hyun Maeng, 2023. "The Theory of Reserve Accumulation, Revisited," RSCAS Working Papers 2013_53, European University Institute.
32. Alexander Rodnyansky & Yannick Timmer & Naoki Yago, 2023. "Intervening against the Fed," CESifo Working Paper Series 10575, CESifo.
33. Sergeyev, Dmitriy & Iovino, Luigi, 2018. "Central Bank Balance Sheet Policies Without Rational Expectations," CEPR Discussion Papers 13100, C.E.P.R. Discussion Papers.
34. Cezar, Rafael & Monnet, Eric, 2023. "Capital controls and foreign reserves against external shocks: Combined or alone?," Journal of International Money and Finance, Elsevier, vol. 137(C).
    • Rafael Cezar & Eric Monnet, 2021. "Capital Controls and Foreign Reserves against External Shocks: Combined or Alone?," Working papers 849, Banque de France.
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    • Rafael Cezar & Eric Monnet, 2023. "Capital controls and foreign reserves against external shocks: Combined or alone?," PSE-Ecole d'économie de Paris (Postprint) halshs-04409575, HAL.
35. Dejanir Silva, 2019. "Optimal Fiscal Consolidation in a Currency Union," 2019 Meeting Papers 1338, Society for Economic Dynamics.
36. Corsetti, G. & Maeng, S. H., 2023. "The Theory of Reserve Accumulation, Revisited," Janeway Institute Working Papers 2319, Faculty of Economics, University of Cambridge.
37. Rodnyansky, A. & Timmer, Y. & Yago, N., 2023. "Intervening against the Fed," Cambridge Working Papers in Economics 2357, Faculty of Economics, University of Cambridge.
38. Corsetti, G. & Maeng, S. H., 2023. "The Theory of Reserve Accumulation, Revisited," Cambridge Working Papers in Economics 2370, Faculty of Economics, University of Cambridge.
39. Alex Carrasco & David Florian Hoyle & Rafael Nivin, 2019. "SFX Interventions, Financial Intermediation, and External Shocks in Emerging Economies," Working Papers 160, Peruvian Economic Association.
    • Carrasco, Alex & Florián, David & Nivín, Rafael, 2019. "SFX Interventions, Financial Intermediation, and External Shocks in Emerging Economies," Working Papers 2019-022, Banco Central de Reserva del Perú.
40. Jara, Alejandro & Piña, Marco, 2023. "Exchange rate volatility and the effectiveness of FX interventions: The case of Chile," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(2).
    • Alejandro Jara & Marco Piña, 2022. "Exchange rate volatility and the effectiveness of FX interventions: the case of Chile," Working Papers Central Bank of Chile 962, Central Bank of Chile.
41. Marcus Hagedorn, 2021. "An Equilibrium Theory of Nominal Exchange Rates," CESifo Working Paper Series 9290, CESifo.
    • Hagedorn, Marcus, 2021. "An Equilibrium Theory of Nominal Exchange Rates," CEPR Discussion Papers 16517, C.E.P.R. Discussion Papers.
42. Christopher Loewald, 2021. "Macro works applying integrated policy frameworks to South Africa," Working Papers 11021, South African Reserve Bank.
    • Christopher Loewald, 2021. "Macro works applying integrated policy frameworks to South Africa," Working Papers 11016, South African Reserve Bank.
43. Javier Bianchi, 2022. "The Research Agenda: Javier Bianchi on Financial Crises and Prudential Policies," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 23(1), April.
44. Cecchetti, Stephen G. & Narita, Machiko & Rawat, Umang & Sahay, Ratna, 2023. "Addressing Spillovers from Prolonged U.S. Monetary Policy Easing," Journal of Financial Stability, Elsevier, vol. 64(C).
45. Cesa-Bianchi, Ambrogio & Kumhof, Michael & Sokol, Andrej & Thwaites, Gregory, 2019. "Towards a new monetary theory of exchange rate determination," Bank of England working papers 817, Bank of England.
46. Paolo Cavallino & Boris Hofmann, 2022. "Capital flows and monetary policy trade-offs in emerging market economies," BIS Working Papers 1032, Bank for International Settlements.