Can foreign exchange intervention signal monetary policy changes?

An examination of the ability of foreign exchange intervention to signal upcoming changes in monetary policy, showing that for such a signaling mechanism to make sense, the link between intervention and monetary policy should be clear, the implied policy should be credible, and information about intervention should be communicated accurately to market participants.

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Year of publication:	1995
Authors:	Osterberg, William P.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 1995, May, 1
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Foreign exchange - Law and legislation \| Monetary policy

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005512822