Foreign Exchange Intervention Rules for Central Banks : A Risk-based Framework /
This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impa...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
2021.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2021/032 |
| Online adgang: | Full text available on IMF |