The Practice of Central Bank Intervention: Looking Under the Hood

FRB of St. Louis Working Paper No. 2000-028A

24 Pages Posted: 27 Nov 2000

See all articles by Christopher J. Neely

Christopher J. Neely

Federal Reserve Bank of St. Louis - Research Division

Date Written: October 11, 2000

Abstract

This article first reviews methods of foreign exchange intervention and then presents evidence-focusing on survey results-on the mechanics of such intervention. Types of intervention, instruments, timing, amounts, motivation, secrecy and perceptions of efficacy are discussed.

Keywords: foreign exchange, intervention, exchange rates, monetary authority, central bank

JEL Classification: F3, F31, F33

Suggested Citation

Neely, Christopher J., The Practice of Central Bank Intervention: Looking Under the Hood (October 11, 2000). FRB of St. Louis Working Paper No. 2000-028A, Available at SSRN: https://ssrn.com/abstract=248575 or http://dx.doi.org/10.2139/ssrn.248575

Christopher J. Neely (Contact Author)

Federal Reserve Bank of St. Louis - Research Division ( email )

411 Locust St
Saint Louis, MO 63011
United States
314-444-8568 (Phone)
314-444-8731 (Fax)

HOME PAGE: http://www.stls.frb.org/research/econ/cneely/

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