The Cost of Foreign Exchange Intervention : Concepts and Measurement /
The accumulation of large foreign asset positions by many central banks through sustained foreign exchange (FX) intervention has raised questions about its associated fiscal costs. This paper clarifies conceptual issues regarding how to measure these costs both from an ex-post and an ex-ante (releva...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2016.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2016/089 |
| On-line přístup: | Full text available on IMF |