Menkhoff, Lukas; Heidland, Tobias - In: DIW economic bulletin 7 (2017) 44, pp. 445-451
exchange rate regimes because each focuses on a different goal. While flexible exchange rate regimes intervene less frequently … and seek to influence trends, other regimes target exchange rate stabilization by establishing a band within which the … exchange rate can float. Interventions are generally more successful when they involve larger volumes, follow the exchange rate …