Why intervention rarely works

Foreign-exchange-market intervention is generally ineffective when undertaken independent of monetary policy. But when undertaken as a goal of monetary policy, exchange-rate management can compromise price stability. This Economic Commentary explains the difficulties of implementing an intervention policy.

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Year of publication:	2000
Authors:	Humpage, Owen F. ; Osterberg, William P.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 2000, Feb, 1
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Foreign exchange - Law and legislation \| Monetary policy

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005512852