The paper documents the use of foreign exchange intervention (FXI) across countries and monetary regimes, with special attention to its use under inflation targ

The salient characteristics of emerging market economies coupled with the increasing adoption of inflation targeting in these countries has stimulated much deba

The salient characteristics of emerging market economies coupled with the increasing adoption of inflation targeting in these countries has stimulated much deba

This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI ru