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The practice of central bank intervention: looking under the hood

Christopher Neely

No 2000-028, Working Papers from Federal Reserve Bank of St. Louis

Abstract: This article first reviews methods of foreign exchange intervention and then presents evidence - focusing on survey results - on the mechanics of such intervention. Types of intervention, instruments, timing, amounts, motivation, secrecy and perceptions of efficacy are discussed.

Keywords: Banks and banking, Central; Foreign exchange; Monetary policy (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (80)

Published in Central Banking, November 2000. Reprinted Federal Reserve Bank of St. Louis Review, 83(3), May/June 2001, pp. 1-10.

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