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Foreign exchange interventions as an (un)conventional monetary policy tool
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SYSNO ASEP 0423178 Document Type C - Proceedings Paper (int. conf.) R&D Document Type Conference Paper Title Foreign exchange interventions as an (un)conventional monetary policy tool Author(s) Lízal, Lubomír (NHU-N) RID
Schwarz, J. (CZ)Source Title Market volatility and foreign exchange intervention in EMEs: what has changed?. - Basel : Bank for International Settlements, Monetary and Economic Department, 2013 - ISBN 92-9131-962-7 Pages s. 127-143 Number of pages 17 s. Publication form Print - P Action Meeting of Senior Officials from Central Banks Event date 21.02.2013-22.02.2013 VEvent location Basel Country CH - Switzerland Event type WRD Language eng - English Country CH - Switzerland Keywords foreign exchange interventions ; exchange rate pass-through ; zero lower bound Subject RIV AH - Economics Institutional support NHU-N - RVO:67985998 Annotation The zero level of interest rates constitutes a limit of this standard monetary policy instrument. Based on the example of the Czech Republic we argue that in such a situation foreign exchange interventions represent a meaningful monetary policy tool for small open economies not facing serious liquidity problems. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2014 Electronic address https://www.bis.org/publ/bppdf/bispap73.pdf
Number of the records: 1