Transparency in Central Bank Operations in the Foreign Exchange Market
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Transparency in the economic sphere involves making public sector action visible and understandable to the private sector. Transparency in central bank operations can be seen a complement to the greater transparency being established in policy formulation. Among the most important areas in this regard and the central bank’s operations in the foreign exchange market. This paper looks at the respective roles of overt and covert foreign exchange market operations, and considers that each may be appropriate under particular conditions. Reconciling covert operations with transparency requires rules for full disclosure with as short a lag as possible.
Series:
Papers on Policy Analysis and Assessment No. 98/2
Subject:
English
Publication Date:
March 1, 1998
ISBN/ISSN:
9781451974430/1934-7456
Stock No:
PPIEA0021998
Format:
Paper
Pages:
24
Please address any questions about this title to publications@imf.org