Volz, Ulrich (2020) 'Exchange Rate Management in East Asia: Words and Deeds.' In: Rövekamp, Frank, Bälz, Moritz and Hilpert, Hanns Günther, (eds.), Monetary Policy Implementation in East Asia. Heidelberg and New York: Springer Nature, pp. 45-60. (Financial and Monetary Policy Studies)
Abstract
This chapter discusses the declared exchange-rate policies of East Asian central banks and compares these with the de facto policies. Central banks that officially proclaim a fixed or managed exchange rate tend to intervene more in foreign exchange markets than central banks which officially follow a floating regime. However, even central banks that have implemented inflation-targeting frameworks with floating rates appear to carry out interventions. Several countries that self-describe their exchange-rate regime as “managed floating” appear to have been heavily engaged in foreign exchange-market interventions.
| Item Type: | Book Chapters |
|---|---|
| SOAS Departments & Centres: | Departments and Subunits > Department of Economics |
| ISBN: | 9783030502973 |
| DOI (Digital Object Identifier): | https://doi.org/10.1007/978-3-030-50298-0_4 |
| Date Deposited: | 07 Oct 2020 12:30 |
| URI: | https://eprints.soas.ac.uk/id/eprint/33511 |
Altmetric Data
Statistics
Accesses by country - last 12 months | Accesses by referrer - last 12 months |
Repository staff only
 |
Edit Item |