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- W2779889110 abstract "A country’s foreign exchange reserve plays an important role for the security of its economy. However, a large accumulation of foreign exchange reserves without central bank’s intervention will lead to inflation. Therefore, those must be accompanied by neutralizing its impact on the monetary market. The different econometric methods have been chosen in the previous literature to estimate the sterilization effect in many countries in the world. This study provides an overview of estimation methods for the efficiency of central bank’s sterilization in foreign market. It also shows empirical evidences for the application of these methods in studies in the world. The results show that the 2SLS is the most suitable method to estimate the eficient sterilization of Central bank." @default.
- W2779889110 created "2018-01-05" @default.
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- W2779889110 date "2017-12-20" @default.
- W2779889110 modified "2023-09-27" @default.
- W2779889110 title "The Efficient Sterilization of Central Bank: Suitable Estimation Method" @default.
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- W2779889110 doi "https://doi.org/10.1007/978-3-319-73150-6_50" @default.
- W2779889110 hasPublicationYear "2017" @default.
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