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Intervention and the Dollar

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Does U.S. intervention have a lasting effect on the foreign-exchange value of the dollar that is independent of monetary policy actions? The author examines evidence from a recent study of U.S. intervention during a three-year period and discusses the relationship between intervention and exchange rates.

Does U.S. intervention have a lasting effect on the foreign-exchange value of the dollar that is independent of monetary policy actions? The author examines evidence from a recent study of U.S. intervention during a three-year period and discusses the relationship between intervention and exchange rates.


Suggested citation: Humpage, Owen F., 1988. "Intervention and the Dollar," Federal Reserve Bank of Cleveland, Economic Commentary, 09.01.1988.

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