Foreign exchange

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Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but our understanding of many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin American experience shows how some of its lar…

"Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but our understanding of many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin American experience shows how some of its la…