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Foreign exchange intervention: A new database

Marcel Fratzscher (), Tobias Heidland, Lukas Menkhoff, Lucio Sarno and Maik Schmeling

No 2171, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

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. Our 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 show that foreign exchange interventions are used in a complementary way with capital controls and macroprudential regulation.

Keywords: foreign exchange intervention; capital controls; macroprudential regulation; international capital flows (search for similar items in EconPapers)
JEL-codes: E58 F31 F33 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-mac, nep-mon and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://www.econstor.eu/bitstream/10419/226365/1/1739137604.pdf (application/pdf)

Related works:
Journal Article: Foreign Exchange Intervention: A New Database (2023) Downloads
Working Paper: Foreign exchange intervention: A new database (2022) Downloads
Working Paper: Foreign Exchange Intervention: A New Database (2020) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:2171

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