Transparency versus constructive ambiguity in foreign exchange intervention

Based on a survey of 10 central banks and a review of existing literature, this paper examines the choice between transparency versus ambiguity in central banks' foreign exchange intervention. Three case studies - Canada, Hong Kong SAR and Japan - are presented to highlight the problems facing central banks in this choice, and the changes that have been made to cope with those challenges.

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Year of publication:	2003-10
Authors:	Chiu, Priscilla
Institutions:	Bank for International Settlements (BIS)
Subject:	foreign exchange intervention \| transparency versus constructive ambiguity

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Extent:	application/pdf text/html
Series:	BIS Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 144 31 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005650364