Lower rates link to higher exchange rate impact – BIS paper

The Bank for International Settlements

The exchange rate has become “significantly” more sensitive to monetary policy over time, with the fall of interest rates to historic lows playing an important role, a working paper finds.

Published on April 11 by the Bank for International Settlements (BIS), Monetary policy’s rising FX impact in the era of ultra-low rates, by Massimo Ferrari, Jonathan Kearns and Andreas Schrimpf, studies both conventional and unconventional policy, and covers the seven most traded currencies across the globe –

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account