Foreign Exchange Intervention: A New Database

DOI

We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. This new dataset allows us to document stylized facts about the use of foreign exchange interventions for countries that neither publish their data nor make them available to researchers. Moreover, we provide evidence on how foreign exchange interventions are used in conjunction with capital controls and macroprudential policy.

This is the data that accompanies the article "Foreign Exchange Intervention: A New Database" in the IMF Economic Review.

Identifier
DOI https://doi.org/10.22000/812
Metadata Access https://www.radar-service.eu/oai/OAIHandler?verb=GetRecord&metadataPrefix=datacite&identifier=10.22000/812
Provenance
Creator Heidland, Tobias ORCID logo; Menkhoff, Lukas ORCID logo; Sarno, Lucio ORCID logo; Schmeling, Maik ORCID logo; Fratzscher, Marcel ORCID logo
Publisher Tobias Heidland
Contributor RADAR
Publication Year 2022
Funding Reference Deutsche Forschungsgemeinschaft DFG Other ME 1070/12.
Rights Open Access; Creative Commons Attribution 4.0 International; info:eu-repo/semantics/openAccess; https://creativecommons.org/licenses/by/4.0/legalcode
OpenAccess true
Representation
Resource Type Dataset
Format application/x-tar
Discipline Economics; Social and Behavioural Sciences