Official Intervention in the Forex Mkt-Mark Taylor

"Official Intervention in the Foreign Exchange Market: Is It Effective, and, If So, How Does It Work?" by Mark P Taylor , Lucio Sarno Abstract by Mark Taylor and Lucio Sarno

In this paper we assess the progress made by the profession in understanding whether and how exchange rate intervention works. To this end, we review the theory and evidence on official intervention, concentrating primarily on work published within the last decade or so. Our reading of the recent literature leads us to

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