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Pregled bibliografske jedinice broj: 949711

Foreign exchange interventions in a small emerging market: the case of Croatia


Égert, Balázs; Lang, Maroje
Foreign exchange interventions in a small emerging market: the case of Croatia // Economic Change and Restructuring, 39 (2006), 1-2; 35-62 doi:10.1007/s10644-007-9019-z (međunarodna recenzija, članak, znanstveni)


Naslov
Foreign exchange interventions in a small emerging market: the case of Croatia

Autori
Égert, Balázs ; Lang, Maroje

Izvornik
Economic Change and Restructuring (1573-9414) 39 (2006), 1-2; 35-62

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Central bank intervention ; Foreign exchange intervention ; Official interventions ; Foreign exchange market ; Effectiveness ; Exchange rate volatility ; Emerging economies ; Transition economies

Sažetak
This paper studies the impact of daily official foreign exchange interventions on the exchange rates in Croatia for the period from 1996 to 2004. Using the event study methodology and a variety of GARCH models reveals that the Croatian central bank was 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 in emerging market economies.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Autor s matičnim brojem:
Maroje Lang, (369471)

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • Emerging Sources Citation Index (ESCI)
  • Scopus
  • EconLit


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