It takes the average reader and 47 minutes to read Official Intervention in the Foreign Exchange Market by Mr. Jorge Iván Canales Kriljenko
Assuming a reading speed of 250 words per minute. Learn more
This paper offers guidance on the operational aspects of official intervention in the foreign exchange market, particularly in developing countries with flexible exchange rate regimes. A brief survey of the literature and country experience is followed by an analysis of the objectives, timing, amount, degree of transparency, and choice of markets and counterparties in conducting intervention. The analysis highlights the difficulty of detecting exchange rate misalignments and disorderly markets, and argues in favor of parsimony in official intervention. Determining the timing and amount of intervention is a highly subjective excercise, and some degree of discretion is almost necessary, though policy rules may serve as "rules of thumb."
Official Intervention in the Foreign Exchange Market by Mr. Jorge Iván Canales Kriljenko is 46 pages long, and a total of 11,776 words.
This makes it 16% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 4 minutes to read Official Intervention in the Foreign Exchange Market aloud.
Official Intervention in the Foreign Exchange Market is suitable for students ages 8 and up.
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