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Intervention Under Inflation Targeting--When Could It Make Sense?

Author/Editor: David J Hofman, Marcos d Chamon, Pragyan Deb, Thomas Harjes, Umang Rawat, Itaru Yamamoto.

Release Date:January, 2020

We investigate the motives inflation-targeting central banks in emerging markets may have for intervening in foreign exchange markets and evaluate the case for such interventions based on the more...



Price: $18.00
Foreign Exchange Intervention in Inflation Targeters in Latin America

Author/Editor: Marcos d Chamon, David J Hofman, Nicolas E Magud, Alejandro M Werner.

Release Date:February, 2019

Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the context of flexible exchange rate more...



Price: $30.00
The Persistence of Capital Account Crises

Author/Editor: Mauro Mecagni, Ruben Atoyan, David Hofman.

Release Date:May, 2009

This study contributes to the literature on capital account crises in two ways. First, our analysis of crisis episodes between 1994 and 2002 establishes a clear relationship between the persistence more...



Price: $18.00
The Duration of Capital Account Crises—An Empirical Analysis

Author/Editor: David Hofman, Ruben Atoyan, Dimitri Tzanninis, Mauro Mecagni.

Release Date:November, 2007

This paper examines the duration of capital account crises. We develop a new index to identify both the start and the end of these crises. Applying the index to a sample of 18 crisis episodes, we more...



Price: $18.00
Insuring Public Finances Against Natural Disasters : A Survey of Options and Recent Initiatives

Author/Editor: David Hofman, Patricia Brukoff.

Release Date:August, 2006

Natural disasters can put severe strain on public finances, in particular in developing and small countries. But catastrophe insurance markets increasingly offer opportunities for the transfer of more...



Price: $18.00