Best Practices in Foreign Exchange Interventions
By Jorge Iván Canales - Kriljenko ; Roberto Guimaraes ; Cem Karacadag
July 2006
Language: Spanish
Abstract
Translated summary of a paper by three IMF researchers, which analyzes the operational aspects of official intervention in the foreign exchange market, particularly in developing countries with flexible exchange rate regimes. Unlike central banks in developed countries, those in emerging economies tend to intervene more frequently in the foreign exchange market.