Coche, Joachim; Koivu, Matti; Nyholm, Ken; Poikonen, Vesa - 2006
at a central bank. A dynamic model is developed which links together reserves management and the exchange rate by foreign … response to interventions. The premise is that it is the objective of the central bank to prevent undervaluation of its … Poikonen
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e-mail: vesa.poikonen@ecb.int
2 European Central Bank, Kaiserstrasse 29, 60311 Frankfurt am Main, Germany …