| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17984 |
| 来源ID | Working Paper 17984 |
| Epilogue: Foreign-Exchange-Market Operations in the Twenty-First Century | |
| Michael D. Bordo; Owen Humpage; Anna J. Schwartz | |
| 发表日期 | 2012-04-06 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Foreign-exchange operations did not end after the United States stopped its activist approach to intervention. Japan persisted in such operations, but avoided overt conflict with its monetary policy. With the on-set of the Great Recession, Switzerland has transacted in foreign exchange both for monetary and exchange-rate purposes, and key central banks have used swap facilities to extended their lender-of-last-resort functions. Developing and emerging market economies continue to intervene, but their actions may hamper the development of their own foreign-exchange markets. China's undervalued exchange rate is producing inflation and real appreciation, despite China's efforts to sterilize its reserve accumulation. |
| 主题 | International Economics ; International Finance ; History ; Financial History |
| URL | https://www.nber.org/papers/w17984 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575660 |
| 推荐引用方式 GB/T 7714 | Michael D. Bordo,Owen Humpage,Anna J. Schwartz. Epilogue: Foreign-Exchange-Market Operations in the Twenty-First Century. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17984.pdf（343KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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