Is There Room for Foreign Exchange Interventions Under an Inflation Targeting Framework? Evidence from Mexico and Turkey

Is There Room for Foreign Exchange Interventions Under an Inflation Targeting Framework? Evidence from Mexico and Turkey

The salient characteristics of emerging market economies coupled with the increasing adoption of inflation targeting in these countries has stimulated much debate about the role of the exchange rate in inflation targeting regimes. The authors aim a...

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Bibliographic Details
Main Authors: Domaç, Ilker, Mendoza, Alfonso
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
EMERGING MARKET ECONOMIES
INFLATION
CENTRAL BANKS
FOREIGN EXCHANGE
FLOATING EXCHANGE RATES
EXCHANGE RATE REGIMES
FINANCIAL STABILITY ADVERSE EFFECTS
BALANCE OF PAYMENTS
BANCO DE MEXICO
BONDS
CAPITAL ACCOUNT
CAPITAL FLIGHT
CENTRAL BANK
DEBT
ECONOMIC REFORM
EMPIRICAL STUDIES
EXCESS DEMAND
EXCHANGE MARKET INTERVENTION
EXCHANGE RATE
EXCHANGE RATE POLICY
EXCHANGE RATES
EXOGENOUS SHOCKS
EXOGENOUS VARIABLES
FINANCIAL CRISIS
FINANCIAL STABILITY
FLOATING EXCHANGE RATE
FLOATING EXCHANGE RATE REGIME
FOREIGN CURRENCY
FOREIGN EXCHANGE INTERVENTION
FOREIGN EXCHANGE INTERVENTIONS
FOREIGN EXCHANGE MARKET
FOREIGN EXCHANGE MARKETS
FOREIGN EXCHANGE RATE
FOREIGN EXCHANGE RATES
FOREIGN EXCHANGE RESERVES
FOREIGN EXCHANGE SALES
FOREIGN EXCHANGE SWAPS
FOREIGN INTEREST RATES
FOREIGN MARKET
HIGH VOLATILITY
IMPERFECT SUBSTITUTES
INDUSTRIAL COUNTRIES
INFLATION RATE
INFLATION TARGETING
INFLATION TARGETS
INTEREST RATE
INTEREST RATES
INTERNATIONAL MARKETS
INTERNATIONAL RESERVES
LIQUIDITY
LIQUIDITY MANAGEMENT
LOCAL CURRENCY
LONG RUN
MARKET CONDITIONS
MARKET ECONOMIES
MAXIMUM LIKELIHOOD METHOD
MEXICAN PESO
MONETARY AGGREGATES
MONETARY AUTHORITIES
MONETARY POLICY
MONETARY POLICY FRAMEWORK
MONEY MARKET
NOMINAL ANCHOR
OUTPUT
PESOS
POLICY RESEARCH
PORTFOLIO
PRICE STABILITY
RANDOM WALK
RATE OF INFLATION
RISK PREMIUM
SECURITIES
STABILIZATION
TRANSMISSION MECHANISM
TREASURY
YEN
Online Access:http://documents.worldbank.org/curated/en/2004/04/4132260/room-foreign-exchange-interventions-under-inflation-targeting-framework-evidence-mexico-turkey
http://hdl.handle.net/10986/14109

Internet

http://documents.worldbank.org/curated/en/2004/04/4132260/room-foreign-exchange-interventions-under-inflation-targeting-framework-evidence-mexico-turkey
http://hdl.handle.net/10986/14109

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