All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Roman Horvath
 
''Modelling Central Bank Intervention Activity under Inflation Targeting''
( 2007, Vol. 6 No.29 )
 
 
Using daily data from the Czech Republic in 1/1/1998-31/12/2002, we find that foreign exchange intervention activity is determined by the degree of exchange rate misalignment and lagged intervention. Additionally, inflation targeting regime is a binding constraint of intervention activity.
 
 
Keywords:
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General
F3 - International Finance: General
 
Manuscript Received : Jun 04 2007 Manuscript Accepted : Aug 02 2007

  This abstract has been downloaded 414 times                The Full PDF of this paper has been downloaded 87717 times