Related Books

The Cost of Foreign Exchange Intervention
Language: en
Pages: 37
Authors: Gustavo Adler
Categories: Business & Economics
Type: BOOK - Published: 2016-04-08 - Publisher: International Monetary Fund

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The accumulation of large foreign asset positions by many central banks through sustained foreign exchange (FX) intervention has raised questions about its asso
Unveiling the Effects of Foreign Exchange Intervention
Language: en
Pages: 42
Authors: Gustavo Adler
Categories: Business & Economics
Type: BOOK - Published: 2015-06-23 - Publisher: International Monetary Fund

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We study the effect of foreign exchange intervention on the exchange rate relying on an instrumental-variables panel approach. We find robust evidence that inte
Foreign Exchange Intervention under Policy Uncertainty
Language: en
Pages: 40
Authors: Gustavo Adler
Categories: Business & Economics
Type: BOOK - Published: 2016-03-23 - Publisher: International Monetary Fund

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We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank p
Official Intervention in the Foreign Exchange Market
Language: en
Pages: 45
Authors: Roberto Pereira GuimarĂ£es
Categories: Business & Economics
Type: BOOK - Published: 2003-07-01 - Publisher: International Monetary Fund

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This paper offers guidance on the operational aspects of official intervention in the foreign exchange market, particularly in developing countries with flexibl
Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework
Language: en
Pages: 33
Authors: Romain Lafarguette
Categories: Business & Economics
Type: BOOK - Published: 2021-02-12 - Publisher: International Monetary Fund

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This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI ru