Work

The Effectiveness of Foreign-Exchange Intervention: Recent Experience

Year: 1988

Type: report

Abstract: But ultimately there are limits to what can be achieved by a pure intervention policy.The monetary crises under the Bretton Woods system showed that powerful market trends cannot be suppressed through exchange market interventions by central banks, and more recent monetary history has reaffirmed this.

Source: National Bureau of Economic Research

DOI: 10.3386/w2796

Author: Maurice Obstfeld

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W137645358

Cites:

Cited by: 60

Related to: 10