Focus
Publications
Services
Auteurs
Éditions
Shop
Action newsletter : Abonnez-vous dès maintenant à notre newsletter et bénéficiez de 10 % de réduction sur vos commandes en ligne jusqu’au 8 août 2025. Infos et inscription.
Foreign Exchange Intervention as a Monetary Policy Instrument

Foreign Exchange Intervention as a Monetary Policy Instrument

Evidence for Inflation Targeting Countries

Contenu

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 closing 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.

Informations bibliographiques

décembre 2003, env. 175 pages, ZEW Economic Studies, Anglais
Springer EN
978-3-7908-0128-6

Sommaire

Mots-clés

Autres titres de la collection: ZEW Economic Studies

Afficher tout

Autres titres sur ce thème