Pregled bibliografske jedinice broj: 949711
Foreign exchange interventions in a small emerging market: the case of Croatia
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)
CROSBI ID: 949711 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
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
Citiraj ovu publikaciju:
Časopis indeksira:
- Web of Science Core Collection (WoSCC)
- Emerging Sources Citation Index (ESCI)
- Scopus
- EconLit
