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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)

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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):
Date Deposited: 07 Oct 2020 12:30

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