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Foreign exchange market interventions: A frequently used and effective tool

Is it common for central banks to intervene in foreign exchange markets in order to influence exchange rates? And if so, is it effective? From a German perspective, these questions seem surprising, since the European Central Bank (ECB) does not intervene in foreign exchange markets—rather, it lets the exchange rates float freely. The situation is very different in the emerging countries: according ...

"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. [...]

Foreign Exchange Market Interventions: A Frequently Used and Effective Tool

Is it common for central banks to intervene in foreign exchange markets in order to influence exchange rates? And if so, is it effective? From a German perspective, these questions seem surprising, since the European Central Bank (ECB) does not intervene in foreign exchange markets—rather, it lets the exchange rates float freely. The situation is very different in the emerging countries: according ...

Foreign Exchange Market Interventions Take Place Predominantly in Emerging and Developing Countries: Seven Questions for Lukas Menkhoff

Do food subsidies improve nutrition?

Daniel Schnitzlein has been appointed to the advisory board of the Thailand Vietnam Socio-Economic Panel

Daniel Schnitzlein has been appointed to the advisory board of the Thailand Vietnam Socio-Economic Panel (www.tvsep.de). The TVSEP is a panel survey of households in Thailand and Vietnam (partly based on SOEP) and is managed from Hanover and Göttingen. The project will receive long-term financing for ten years (2015-2024) from Deutsche Forschungsgemeinschaft (DFG). Daniel has also become a member ...

Andreas Franken joined the SOEP team

Andreas Franken will be supporting the SOEP team as of April 1 with data preparation, in particular, the preparation and documentation of SOEPlong. Andreas most recently worked as a research assistant at the German Centre for Higher Education Research and Science Studies (DZHW) in Hanover, and prior to this at the University of Bamberg Chair of Sociology, where he also earned his degree in sociolo ...

SOEPnewsletter 115 published

We are happy to present our recent SOEPnewsletter 115, April 2017. We like to inform about the data release of the 2015 SOEP-IS data, news on SOEPinfo 2.0, results of the SOEP User Survey, new SOEP-Core documentation documents, and many more.

Long Term Growth Perspectives in Japan and the Euro Area

Euro area countries and Japan are confronted with similar challenges. Potential output is on a falling trend in the euro area, and the decrease started well before the financial crisis. In Japan, low output growth is a striking feature since many years, despite the unconventional monetary policy stance and massive fiscal stimulus programs provided by the government. According to a growth accounting ...

A Spatial Electricity Market Model for the Power System of Kazakhstan

Kazakhstan envisions a transition towards a green economy in the next decades which poses an immense challenge as the country heavily depends on (hydro-)carbon resources, for both its economy and its energy system. In this context, there is a lack of comprehensive and transparent planning tools to assess possible sustainable development pathways in regard to their technical, economic, and environmental ...