Central bank intervention and exchange rate volatility in the inflation-targeting regime

• Main Authors: Haryo Kuncoro, Caroline Geetha, Fafurida Fafurida
• Format: Article
• Language: English
• Published: IDEAS 2024
• Subjects: HG1811-2351 Special classes of banks and financial institutions; HG3810-4000 Foreign exchange. International finance. International monetary system
• Online Access: https://eprints.ums.edu.my/id/eprint/43255/1/FULL%20TEXT.pdf; https://eprints.ums.edu.my/id/eprint/43255/

This paper examines the impact of central bank intervention on the exchange rate fluctuations within the framework of inflation-targeting. Focusing on Indonesia, the Philippines, and Thailand from 2005(7) to 2022(12), empirical analysis using quantile regression demonstrates that the central bank in...