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Economic Commentary

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.

09.01.1988EC 9/1/1988

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Humpage, Owen F. 1988. “Intervention and the Dollar.” Federal Reserve Bank of Cleveland, Economic Commentary 9/1/1988.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International