Record Details

TALKING TO FOREIGN EXCHANGE MARKET; DOES IT MATTER FOR CENTRAL BANK?

European Journal of Economic and Financial Research

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Title TALKING TO FOREIGN EXCHANGE MARKET; DOES IT MATTER FOR CENTRAL BANK?
 
Creator Bajwa, Ishtiaq Ahmad
Girardin, Eric
Ather Elahi, Muhammad
Siddiqui, Kamran Ahmad
 
Subject foreign exchange market, intervention, oral intervention, central bank
 
Description This study reviews the market intervention technique used by central banks for the management of exchange rate. In literature, enough evidence is available describing that many Central Banks used intervention as a tool to control the volatility of foreign exchange; however, recently the Central Banks in larger industrialized nations shifted from physical intervention policy to the oral intervention policy. The evidence suggests that the oral intervention remained more successful in controlling the volatility compared to physical intervention.    JEL: F31, O24, E58  Article visualizations:
 
Publisher European Journal of Economic and Financial Research
 
Contributor —
 
Date 2017-11-29
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier https://oapub.org/soc/index.php/EJEFR/article/view/267
 
Source European Journal of Economic and Financial Research; Volume 2, Issue 5, 2017
2501 - 3430
2501 - 9430
 
Language eng
 
Relation https://oapub.org/soc/index.php/EJEFR/article/view/267/779
https://oapub.org/soc/index.php/EJEFR/article/view/267/780
https://oapub.org/soc/index.php/EJEFR/article/view/267/781
 
Rights Copyright (c) 2018 Ishtiaq Ahmad Bajwa, Eric Girardin, Muhammad Ather Elahi, Kamran Ahmad Siddiqui
http://creativecommons.org/licenses/by/4.0