Journal Article
Can foreign exchange intervention signal monetary policy changes?
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.
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 1995
Issue: May
Order Number: 1