Dirty floating in emerging markets

Velasco, Andres

(2019) Dirty floating in emerging markets Project Syndicate.

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Central banks are supposed to use the interest rate to achieve an inflation target and let the exchange rate float freely. So why do they often intervene in currency markets by buying and selling international reserves, and use a host of other measures to limit their currencies’ volatility?

Item Type	Article
Copyright holders	© 2019 The Author
Departments	?? SCPP ?? School of Public Policy
Date Deposited	08 Nov 2019 12:51
URI	https://researchonline.lse.ac.uk/id/eprint/102452

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Velasco, Andres

HG Finance

http://www.lse.ac.uk/school-of-public-policy/people/Andr%C3%A9s-Velasco/Andr%C3%A9s-Velasco (Author)
https://www.project-syndicate.org/commentary/emerging-market-central-banks-exchange-rate-intervention-by-andres-velasco-2019-05
https://www.project-syndicate.org/ (Official URL)

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