Journal Article
Central-bank intervention: recent literature, continuing controversy
Abstract: A review of recent literature on central-bank intervention in exchange markets, finding some qualified support for the power of intervention to influence market expectations, but finding little evidence to support the interventionist policy the G-3 countries have conducted in recent years.
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https://fraser.stlouisfed.org/title/economic-review-federal-reserve-bank-cleveland-1328/1991-quarter-2-4660?page=13
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1991
Volume: 27
Issue: Q II
Pages: 12-26