Foreign exchange intervention as a monetary policy instrument : evidence for inflation targeting countries /

Foreign exchange intervention is frequently being used by central banks in countries which have a floating exchange rate. Most theoretical monetary policy models, however, do not take this phenomenon into account. This book contributes to closing this gap between theory and practice by interpreting...

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Bibliographic Details
Main Author:	Hüfner, Felix
Corporate Author:	SpringerLink (Online service)
Format:	eBook
Language:	English
Published:	Heidelberg : New York : Physica-Verlag, [2004]
Series:	ZEW economic studies ; v. 23.
Subjects:	Foreign exchange administration. Banks and banking, Central. Banks and banking, International. Inflation targeting. Electronic books.
Online Access:	Connect to the full text of this electronic book

Table of Contents:

Introduction
The Conventional View on Inflation Targeting
Uncovered Interest Parity in Practice
Sterilised Interventions as an Additional Policy Instrument
Sterilised Foreign Exchange Intervention in Practice
Performance of Inflation Targeting: An Evaluation
Conclusion and Outlook. .