Official foreign exchange intervention / Shogo Ishii ... [and others].

Format:

Book

Contributor:

Ishii, Shogo.

International Monetary Fund.

Series:

Occasional paper (International Monetary Fund) ; no. 249.

Occasional paper ; 249

Language:

English

Subjects (All):

Foreign exchange.

Foreign exchange--Developing countries.

Developing countries.

Foreign exchange--Mexico.

Foreign exchange--Turkey.

Turkey.

Mexico.

Physical Description:

v, 47 pages : illustrations ; 28 cm.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Summary:

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.

Contents:

Introduction / Shogo Ishii

Best practices in official interventions in the foreign exchange market / Jorge Iván Canales-Kriljenko, Roberto Guimarães, and Cem Karacadag

Survey of foreign exchange intervention in developing countries / Jorge Iván Canales-Kriljenko

Empirics of foreign exchange intervention in emerging markets: Mexico and Turkey / Roberto Guimarães and Cem Karacadag.

Notes:

Includes bibliographical references (pages 43-45).

ISBN:

1589064216

OCLC:

65176523

Publisher Number:

9781589064218