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A cross-country Exchange Market Pressure (EMP) dataset.


ABSTRACT: The data presented in this article are related to the research article titled - "An exchange market pressure measure for cross country analysis" (Patnaik et al. [1]). In this article, we present the dataset for Exchange Market Pressure values (EMP) for 139 countries along with their conversion factors, ? (rho). Exchange Market Pressure, expressed in percentage change in exchange rate, measures the change in exchange rate that would have taken place had the central bank not intervened. The conversion factor ? can interpreted as the change in exchange rate associated with $1 billion of intervention. Estimates of conversion factor ? allow us to calculate a monthly time series of EMP for 139 countries. Additionally, the dataset contains the 68% confidence interval (high and low values) for the point estimates of ?'s. Using the standard errors of estimates of ?'s, we obtain one sigma intervals around mean estimates of EMP values. These values are also reported in the dataset.

SUBMITTER: Desai M 

PROVIDER: S-EPMC5432674 | biostudies-literature | 2017 Jun

REPOSITORIES: biostudies-literature

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A cross-country Exchange Market Pressure (EMP) dataset.

Desai Mohit M   Patnaik Ila I   Felman Joshua J   Shah Ajay A  

Data in brief 20170504


The data presented in this article are related to the research article titled - "An exchange market pressure measure for cross country analysis" (Patnaik et al. [1]). In this article, we present the dataset for Exchange Market Pressure values (EMP) for 139 countries along with their conversion factors, ρ (rho). Exchange Market Pressure, expressed in percentage change in exchange rate, measures the change in exchange rate that would have taken place had the central bank not intervened. The conver  ...[more]

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