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| Roman Horvath |
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| ''Modelling Central Bank Intervention Activity under Inflation Targeting'' |
| ( 2007, Vol. 6 No.29 ) |
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| 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. |
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| Keywords: |
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General
F3 - International Finance: General |
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| Manuscript Received : Jun 04 2007 | | Manuscript Accepted : Aug 02 2007 |
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