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...
| Príomhchruthaitheoir: | |
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| Rannpháirtithe: | |
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Sraith: | IMF Working Papers; Working Paper ;
No. 2021/032 |
| Rochtain ar líne: | Full text available on IMF |