Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/172658 
Year of Publication: 
2015
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 50 [Issue:] 3 [Publisher:] Springer [Place:] Heidelberg [Year:] 2015 [Pages:] 161-164
Publisher: 
Springer, Heidelberg
Abstract: 
Should central banks intervene in currency markets? In theory, within a flexible system, central banks should leave the process of determining appropriate exchange rates to the currency markets. In practice, however, central banks have frequently intervened to 'manage' the exchange rates according to their goals and priorities. This article discusses whether central banks can effectively intervene in currency markets and describes some lessons other countries could learn from the Swiss experience.
Persistent Identifier of the first edition: 
Document Type: 
Article
Document Version: 
Published Version

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