Official Foreign Exchange Intervention /

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 i...

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Autor principal: Canales Kriljenko, Jorge
Altres autors: Guimaraes, Roberto, Ishii, Shogo, Karacadag, Cem
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2006.
Col·lecció:Occasional Papers; Occasional Paper ; No. 2006/001
Accés en línia:Full text available on IMF
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245 1 0 |a Official Foreign Exchange Intervention /  |c Jorge Canales Kriljenko, Cem Karacadag, Roberto Guimaraes, Shogo Ishii. 
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520 3 |a 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. 
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700 1 |a Guimaraes, Roberto. 
700 1 |a Ishii, Shogo. 
700 1 |a Karacadag, Cem. 
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