"Foreign exchange market interventions take place predominantly in emerging and developing countries": seven questions for Lukas Menkhoff

Mr. Menkhoff, foreign exchange market interventions (FX interventions) can be used to influence international exchange rates. Where and how frequently are FX interventions implemented?

At present, these interventions take place predominantly in emerging and developing countries. In the countries that use them, an intervention takes place almost one out of every three days. [...]