European Parliament Library

Official Foreign Exchange Intervention, Jorge Canales Kriljenko, Cem Karacadag, Roberto Guimarães-Filho, Shogo Ishii

Abstract
Despite increasing exchange rate flexibility, central banks in emerging markets still intervene in their foreign exchange markets for several reasons. In doing so, they face many operational questions, including on the degree of transparency and the choice of markets and counterparties. This paper identifies elements of best practice in official foreign exchange intervention, presents survey evidence on intervention practices in developing countries, and assesses the effectiveness of intervention in Mexico and Turkey
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (52 pages)
Form Of Item
online
Isbn
9781462335053

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