Arbeitspapier
Sterilized intervention in emerging-market economies: Trends, costs, and risks
The author examines recent trends in sterilized intervention among emerging-market economies, to determine the size and extent of this policy in relation to earlier periods of heavy reserve accumulation. He then analyzes whether the domestic costs and risks of substantial and prolonged sterilization are beginning to manifest themselves. In particular, the author discusses the fiscal costs of sterilization and the recent increase in non-market-friendly sterilization methods, such as the rapid rise in reserve requirement ratios.
- Language
-
Englisch
- Bibliographic citation
-
Series: Bank of Canada Discussion Paper ; No. 2008-4
- Classification
-
Wirtschaft
Foreign Exchange
Monetary Policy
Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy
- Subject
-
Financial stability
Exchange rate regimes
International topics
Währungsreserven
Risiko
Inflationsrate
Wechselkursrisiko
Bubbles
Wirtschaftspolitik
Aufstrebende Märkte
- Event
-
Geistige Schöpfung
- (who)
-
Lavigne, Robert
- Event
-
Veröffentlichung
- (who)
-
Bank of Canada
- (where)
-
Ottawa
- (when)
-
2008
- DOI
-
doi:10.34989/sdp-2008-4
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lavigne, Robert
- Bank of Canada
Time of origin
- 2008
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