Foreign Exchange Intervention: A New Database
Marcel Fratzscher (),
Tobias Heidland,
Lukas Menkhoff,
Lucio Sarno and
Maik Schmeling ()
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Marcel Fratzscher: DIW Berlin (German Institute for Economic Research)
Maik Schmeling: CEPR
IMF Economic Review, 2023, vol. 71, issue 4, No 2, 852-884
Abstract:
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. This 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 provide evidence on how foreign exchange interventions are used in conjunction with capital controls and macroprudential policy.
JEL-codes: E58 F31 F33 (search for similar items in EconPapers)
Date: 2023
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Related works:
Working Paper: Foreign exchange intervention: A new database (2022)
Working Paper: Foreign Exchange Intervention: A New Database (2020)
Working Paper: Foreign exchange intervention: A new database (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:pal:imfecr:v:71:y:2023:i:4:d:10.1057_s41308-022-00190-8
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DOI: 10.1057/s41308-022-00190-8
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