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Official Foreign Exchange Intervention

Author

Listed:
  • Jorge I Canales Kriljenko
  • Cem Karacadag
  • Roberto Pereira Guimarães
  • Shogo Ishii

Abstract

Despite increasing exchange rate flexibility, central banks in emerging markets still intervene in their foreign exchange markets for several reasons. In doing so, they face many operational questions, including on the degree of transparency and the choice of markets and counterparties. This paper identifies elements of best practice in official foreign exchange intervention, presents survey evidence on intervention practices in developing countries, and assesses the effectiveness of intervention in Mexico and Turkey.

Suggested Citation

  • Jorge I Canales Kriljenko & Cem Karacadag & Roberto Pereira Guimarães & Shogo Ishii, 2006. "Official Foreign Exchange Intervention," IMF Occasional Papers 249, International Monetary Fund.
  • Handle: RePEc:imf:imfocp:249
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    Cited by:

    1. Adam Geršl, 2006. "Testing the Effectiveness of the Czech National Bank’s Foreign-Exchange Interventions," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 56(09-10), pages 398-415, September.
    2. X. Fernández, Bernardo & Fernández Q., Vladimir & Aldazosa, E. Rene, 2017. "Una Subasta Doble de Divisas para la Determinación del Tipo de Cambio en Bolivia," Documentos de trabajo 4/2017, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
    3. repec:wsi:serxxx:v:62:y:2017:i:01:n:s0217590816500326 is not listed on IDEAS
    4. Santiago García-Verdú & Miguel Zerecero, 2013. "On central bank interventions in the Mexican peso/dollar foreign exchange market," BIS Working Papers 429, Bank for International Settlements.

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