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Language: en
Pages: 41
Pages: 41
Type: BOOK - Published: 1999-10-01 - Publisher: International Monetary Fund
This paper analyzes whether and how central banks can use currency options to lower exchange rate volatility and maintain (implicit) target zones in foreign exc
Language: en
Pages: 36
Pages: 36
Type: BOOK - Published: 2014 - Publisher:
Several central banks in emerging economies are concerned with excessive volatility in foreign exchange markets and would like to control the direction and spee
Language: en
Pages: 18
Pages: 18
Type: BOOK - Published: 2003-06-01 - Publisher: International Monetary Fund
This paper aims to identify appropriate option contract specifications for effective central bank exchange market intervention. Option contract specifications d
Language: en
Pages: 33
Pages: 33
Type: BOOK - Published: 2021-02-12 - Publisher: International Monetary Fund
This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI ru
Language: en
Pages: 45
Pages: 45
Type: BOOK - Published: 2003-07-01 - Publisher: International Monetary Fund
This paper offers guidance on the operational aspects of official intervention in the foreign exchange market, particularly in developing countries with flexibl