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On Inflation Targeting and Forex Intervention


Patterns of Foreign Exchange Intervention under Inflation Targeting

The paper documents the use of foreign exchange intervention (FXI) across countries and monetary regimes, with special attention to its use under inflation ...

Patterns of foreign exchange intervention under inflation targeting

Overall, our results suggest that greater use of FXI is associated with a de-anchoring of inflation expectations, especially along short horizons, and a higher ...

Foreign exchange intervention and inflation targeting: The role of ...

In this theoretical framework, we analyze to what extent foreign exchange intervention (FXI) can contribute to the central bank goals for different degrees of ...

V Foreign Exchange Market Intervention in Inflation-Targeting Policy ...

A central bank can explicitly communicate that foreign exchange intervention aimed at influencing the exchange rate is separate from domestic monetary ...

On Inflation Targeting and Forex Intervention: Are Two ... - CEPR

This column argues that emerging market central banks should target price stability while being mindful of disequilibrium exchange rate movements.

Foreign exchange policy and intervention under inflation targeting in ...

In addition, the paper addresses the implications of the FX intervention and sterilization on the economy, the financial system and the Bank of Thailand's ...

Central Bank Intervention in the Inflation Targeting - Sciendo

Interventions are used to ensure liquidity in the foreign ex- change market or the impact on the exchange rate and foreign exchange reserves. Page 2. 68 Journal ...

Foreign exchange intervention and inflation targeting - IDEAS/RePEc

In this scenario, FXI policies prevent the central bank from achieving the goal of price stability. These results suggest that FXI is more likely to support an ...

Is there room for foreign exchange interventions under an inflation ...

The salient characteristics of emerging market economies coupled with the increasing adoption of inflation targeting in these countries has stimulated much ...

Central Bank Intervention in the Inflation Targeting - Sciendo

Namely, through foreign exchange interventions, the central bank greatly absorbs the depreciation shock and, consequently, inflation is lower.

Patterns of Foreign Exchange Intervention Under Inflation Targeting

The paper documents the use of foreign exchange intervention (FXI) across countries and monetary regimes, with special attention to its use ...

Exchange Rate Policy and Inflation Targeting in Colombia

The rationale for central bank intervention in the forex market in Colombia is then critically discussed. Finally, the paper presents several issues that appear ...

Patterns of Foreign Exchange Intervention under Inflation Targeting

Within emerging markets, the use of FXI is common both under IT and non-IT regimes. We find no evidence of FXI being used in response to ...

Foreign Exchange Intervention as a Monetary Policy Instrument

In-depth empirical analyses of the foreign exchange operations and interest rate policy of five inflation targeting countries (Australia, Canada, New Zealand, ...

Patterns of Foreign Exchange Intervention Under Inflation Targeting

The paper documents the use of foreign exchange intervention (FXI) across countries and monetary regimes, with special attention to its use under inflation ...

Flexible inflation targets, forex interventions and ... - Banco de España

Previous empirical contributions on the analysis of the exchange rate volatility, IT adoption and forex interventions were mostly based on case studies for ...

How effective are foreign exchange interventions under inflation ...

Sterilized FX interventions under IT are influencing the nominal exchange rate three times more effectively than non-sterilized ones under the ...

risk appetite and foreign exchange intervention in an inflation ...

The use of foreign exchange intervention in an inflation-targeting framework raises the question regarding its role. In addition, in an environment of volatile ...

Should Inflation Targeters Intervene in the Foreign Exchange Market?

But a contrary view is that modern central banks, especially those with an inflation-targeting (IT) framework, should focus exclusively on (goods' price) ...

On Inflation Targeting and Foreign Exchange Interventions in a Dual ...

Request PDF | On Inflation Targeting and Foreign Exchange Interventions in a Dual Currency Economy | In this paper we study monetary policy response to ...