| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1067 |
| DP1067 The Uruguay Round: A Global General Equilibrium Assessment | |
| Hakan Nordstrom; Joseph Francois; Brad McDonald | |
| 发表日期 | 1994-11-30 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | The paper aims to develop understanding of why and how central banks have intervened in foreign exchange markets, and whether intervention was (i) coordinated, (ii) sterilized, and (iii) effective. The experience in the G-3 context is compared with the past EMS experience. In addition to foreign exchange intervention, the issue of international monetary policy coordination is discussed, again both within the G-3 and the EMS context. It is shown that the G-3 countries have relied primarily on coordinated intervention without any significant commitment to other forms of policy coordination in stabilizing exchange rates. The EMS countries, on the other hand, have at least to some extent resorted to short-term interest rate policy coordination in addition to coordinated intervention. |
| 主题 | International Macroeconomics |
| 关键词 | Central bank intervention European monetary system Exchange rates International policy coordination Sterilization |
| URL | https://cepr.org/publications/dp1067 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530208 |
| 推荐引用方式 GB/T 7714 | Hakan Nordstrom,Joseph Francois,Brad McDonald. DP1067 The Uruguay Round: A Global General Equilibrium Assessment. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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