Occasional Interventions to Target Rates with a Foreign Exchange Application
收藏NBER1990-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3398
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资源简介：
This paper develops a framework for analyzing the effects upon rates when occasional central bank interventions try to keep rates near target levels. Interestingly, the threat of capital gains or losses induced by this stochastic intervention policy helps contain rates within implicit boundaries
提供机构：
美国国家经济研究局
创建时间：
1990-07-01
