How to move the exchange rate if you must: the diverse practice of foreign exchange intervention by central banks and a proposal for doing it better (Inglés)

The paper is about the art of exchange rate management by central banks. It begins by reviewing the diversity of objectives and practices of central bank intervention in the foreign exchange market. Central banks typically exercise discretion in determining when and to what extent to intervene. Some central banks use publicly declared rules of intervention, with the aim of increasing visibility and strengthening the signaling channel of policy. There...
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INFORMACIÓN

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BOLETÍN DEL BANCO MUNDIAL

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