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  Forex Articles & Studies
 
 
 
 Government Intervention in the Foreign Exchange Market
 
 
 Authors: Owen F. Humpage. Federal Reserve Bank of Cleveland
                                         Date: November 2003
 
 Abstract:

This article offers a survey of the literature on foreign exchange intervention, including sections on the theoretical channels through which intervention might affect exchange rates and a summary of the empirical findings. The survey emphasizes that intervention is intended to provide monetary authorities with an means of influencing their exchange rates independent from monetary policy, and tends to evaluate theoretical channels and empirical results from this perspective.

 
 Note: The Below File are in Adobe Acrobat PDF format,  please click here to download Adobe Acrobat Reader For Free.
 
 
 

 
 
 
 

 

 
 
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