Published in:FRB of Cleveland Working Paper ; No. 03-15
Extent:
1 Online-Ressource (35 p)
Language:
English
DOI:
10.2139/ssrn.1026265
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2003 erstellt
Description:
This article offers a survey of the literature on foreign exchange intervention, including sections on the theoretical channels through which intervention might affect exchange rates and a summary of the empirical findings. The survey emphasizes that intervention is intended to provide monetary authorities with an means of influencing their exchange rates independent from monetary policy, and tends to evaluate theoretical channels and empirical results from this perspective