Optimal Foreign Exchange Market Intervention
Bibliographic Data
| ID | 10173097 |
|---|---|
| Authors | Russell S Boyer (Western University, corresponding author) |
| Year | 1978 |
| Volume | 86 |
| Issue | 6 |
| Pages | 1045-1055 |
| Publication date | 1978-12-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260727 |
| OpenAlex | W2024676210 |
| Language | EN |
| Citations received | 3 |
| References cited | 7 |
The problem of optimal exchange intervention is approached using the techniques derived in the "targets, instruments, and indicators" literature. The optimal exchange-rate policy is one of permitting the appropriate degree of exchange-rate flexibility rather than one of complete fixity or complete flexibility of the exchange rate. Although the problem of the optimal exchange-rate regime has been analyzed in these terms before, criteria previously employed, emphasizing the geographical or functional location of disturbances, are seen to be inappropriate for a portfolio balance model with some degree of capital mobility
Balance (ability · Degree (music · Econometrics · Economics · Exchange rate · Exchange-rate flexibility · Exchange-rate regime · Financial economics · Flexibility (engineering · Foreign exchange · Foreign exchange market · Interest rate parity · Intervention (counseling · Monetary economics · Portfolio · Economic Policies and Impacts · Global Financial Crisis and Policies · Medicine · Monetary Policy and Economic Impact
Elements of Econometrics
Capital Mobility and Stabilization Policy Under Fixed and Flexible Exchange Rates
"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule
The Effects of Devaluation on the Trade Balance and the Balance of Payments
Expectations and Exchange Rate Dynamics
Multilateral and Bilateral Measures of Effective Exchange Rates in a World Model of Traded Goods
Financial Policies in an Open Economy
| Unique citing works | 3 |
|---|---|
| Citations per year | 0.07 |
| Citation span | 1981 - 1984 (4) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |