Does Foreign Exchange Intervention Work?

by Jeffrey A. Frankel and Kathryn Mary Dominguez

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Book Overview

How much impact on exchange rates do central banks have when they buy and sell currencies? According to many analysts, such intervention has no independent impact. This book challenges the conventional wisdom, demonstrating that such intervention can be an effective and extremely important tool for policymakers. Using previously unavailable daily intervention data from the US Federal Reserve and German Bundesbank, the authors show that even "sterilized"...

Format:Paperback

Language:English

ISBN:0881321044

ISBN13:9780881321043

Release Date:September 1993

Publisher:Peterson Institute for International Economic

Length:192 Pages

Weight:0.50 lbs.

Dimensions:0.4" x 6.1" x 9.1"

Grade Range:Postsecondary and higher

Related Subjects

Business Business & Finance Business & Investing Economics Foreign Exchange International International Business

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Does Foreign Exchange Intervention Work?

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