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Foreign Exchange Intervention as a Monetary Policy Instrument Book PDF Summary

Foreign exchange intervention is frequently being used by central banks in countries which have a floating exchange rate. Most theoretical monetary policy models, however, do not take this phenomenon into account. This book contributes to close this gap between theory and practice by interpreting foreign exchange intervention as an additional monetary policy instrument for inflation targeting central banks. In-depth empirical analyses of the foreign exchange operations and interest rate policy of five inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom) demonstrate how foreign exchange intervention is used in practice.

Detail Book of Foreign Exchange Intervention as a Monetary Policy Instrument PDF

Foreign Exchange Intervention as a Monetary Policy Instrument
  • Author : Felix Hüfner
  • Release : 06 December 2012
  • Publisher : Springer Science & Business Media
  • ISBN : 9783790826722
  • Genre : Business & Economics
  • Total Page : 180 pages
  • Language : English
  • PDF File Size : 16,9 Mb

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During the twentieth century, foreign-exchange intervention was sometimes used in an attempt to solv...