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Foreign Exchange Intervention |
Geert J. Almekinders, International Monetary Fund, US
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| 1995 |
240 pp |
Hardback |
978 1 85898 263 2 |
£84.00 |
on-line discount
£75.60 |
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‘The subject matter of this book is timely and the information contained in this book is indispensable for academicians, practitioners, and policymakers. It is welcomed addition to the literature on foreign exchange interventions.’
– Kashi Nath Tiwari, Southern Economic Journal
Central bank intervention in foreign currency markets is widely regarded as ineffective by economists, policy makers and financiers, yet many central banks continue to enter the market in periods of turbulence. In Foreign Exchange Intervention, Geert Almekinders explains why central banks continue to carry out foreign exchange interventions despite their poor track record.
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Contents: 1. Introduction 2. Theories on the Scope for Foreign Exchange Intervention 3. Empirical Investigations into the Objectives and Effectiveness of Intervention: A Survey 4. Objectives of Daily Bundesbank and Federal Reserve Intervention in the DM/$ Market – Part I 5. Objectives of Daily Bundesbank and Federal Reserve Intervention in the DM/$ – Market – Part II 6. Effectiveness of Daily Bundesbank and Federal Reserve Intervention in the DM/$ Market 7. A Positive Theory of Central Bank Intervention 8. Summary and Concluding Remarks References Index
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