Accounting for Reserves /
Views on the effectiveness of sterilized reserve intervention vary. Sterilized intervention is generally seen as ineffective in advanced countries while persistent intervention by some emerging markets is often cited as contributing to undervalued exchange rates and current account surpluses. This p...
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Формат: | Журнал |
Мова: | English |
Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2012.
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Серія: | IMF Working Papers; Working Paper ;
No. 2012/302 |
Онлайн доступ: | Full text available on IMF |