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Instruments of Exchange Rate Management

In: Exchange Rate Management: Theory and Evidence

Author

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  • Keith Pilbeam

    (City University)

Abstract

The opening chapter of this book was concerned with the case for exchange rate management while Chapter 2 investigated the factors that determine the optimal degree of exchange rate management. In this third chapter we analyse the policy implications of the modern asset market view of exchange rate determination, concentrating upon the issue of which instrument to use for managing the exchange rate. In order to deal with this issue, we shall examine some of the implications and differences between the various instruments that can be used to influence the exchange rate.

Suggested Citation

  • Keith Pilbeam, 1991. "Instruments of Exchange Rate Management," Palgrave Macmillan Books, in: Exchange Rate Management: Theory and Evidence, chapter 3, pages 79-125, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11744-4_3
    DOI: 10.1007/978-1-349-11744-4_3
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