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Foreign Exchange Intervention in Inflation Targeters in Latin America
By:Mr.Marcos d Chamon,Mr.David J Hofman,Mr.Nicolas E Magud,Alejandro M. Werner
Published on 2019-03-01 by International Monetary Fund
Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin American experience can be informative because some of its largest countries adopted floating exchange rate regimes and inflation targeting while continuing to intervene in foreign exchange markets. This edited volume reviews detailed accounts from several Latin American countries’ central banks, and it provides insight into how and with what aim many interventions were decided and implemented. This book documents the effectiveness of intervention and pays special attention to the role of foreign exchange intervention policy within inflation-targeting monetary frameworks. The main lesson from Latin America’s foreign exchange interventions, in the context of inflation targeting, is that the region has had a considerable degree of success. Transparency and a clear communication policy have been key. For economies that are not highly dollarized, rules-based intervention helped contain financial instability and build international reserves while preserving inflation targets. The Latin American experience can help other countries in the design and implementation of their policies.
This Book was ranked at 37 by Google Books for keyword Foreign exchange market.
Book ID of Foreign Exchange Intervention in Inflation Targeters in Latin America's Books is sxqVDwAAQBAJ, Book which was written byMr.Marcos d Chamon,Mr.David J Hofman,Mr.Nicolas E Magud,Alejandro M. Wernerhave ETAG "DPFOhjF7uOY"
Book which was published by International Monetary Fund since 2019-03-01 have ISBNs, ISBN 13 Code is 9781484393024 and ISBN 10 Code is 1484393023
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