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Foreign Exchange Interventions in Croatia and Turkey: Should We Give a Damn?
dc.contributor.authorÉgert, Balázsen_US
dc.contributor.authorLang, Marojeen_US
dc.date.accessioned2006-08-01T15:42:22Z
dc.date.available2006-08-01T15:42:22Z
dc.date.issued2005-03-01en_US
dc.identifier.otherRePEc:wdi:papers:2005-755en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/40141en_US
dc.description.abstractThis paper studies the impact of daily official foreign exchange interventions on the exchange rates of two EU candidate countries, namely Croatia and Turkey for the periods from 1996 to 2004 and from 2001 to 2004, respectively. Using the event study methodology and a variety of GARCH models reveals that both the Croatian and the Turkish central banks were in a position to influence, to some extent, the level of the exchange rate during the period studied. This lends support to the view that foreign exchange intervention may be effective to a limited extent in emerging market economies.en_US
dc.format.extent97624 bytes
dc.format.extent3151 bytes
dc.format.extent381447 bytes
dc.format.mimetypetext/plain
dc.format.mimetypetext/plain
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen_US
dc.relation.ispartofseries755en_US
dc.subjectCentral Bank Intervention, Foreign Exchange Intervention, Official Interventions, Foreign Exchange Market, Effectiveness, Exchange Rate Volatility, Emerging Economies, Transition Economiesen_US
dc.subject.otherF31en_US
dc.titleForeign Exchange Interventions in Croatia and Turkey: Should We Give a Damn?en_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/40141/3/wp755.pdfen_US
dc.owningcollnameWilliam Davidson Institute (WDI) - Working Papers


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