exchange market pressure

Henk Jager and Franc Klaassen

from Palgrave Macmillan

Abstract: Currencies can be under severe pressure in the foreign exchange market, but in a fixed (or managed) exchange rate regime that is not fully visible via the change in the exchange rate. Exchange market pressure (EMP) is a concept developed to nevertheless measure the pressure in such cases. This article describes EMP and its measurement.

Keywords: central bank; currency crisis; exchange rate regime; interest rate; intervention; monetary policy (search for similar items in EconPapers)
JEL-codes: E52 E58 F31 F33 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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