Can foreign exchange intervention signal monetary policy changes?

William P. Osterberg

Economic Commentary, 1995, issue May

Abstract: 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.

Keywords: Foreign exchange - Law and legislation; Monetary policy (search for similar items in EconPapers)
Date: 1995
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