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Catherine Bonser-Neal. "Does Central Bank Intervention Stabilize Foreign Exchange Rates? Economic Review, Federal Reserve Bank Of Kansas City, Vol. 81, No. 1, First Quarter 1996 (14pp), Peter I. Nwaoba
Economic and Financial Review
The paper tried to establish whether central bank intervention could reduce exchange rate volatility by stopping speculative attacks against a currency. The author's concern centered on the fact that exchange rate volatility has increased since the adoption of flexible exchange rate system in 1973 and the subsequent interventions by most central banks. She observed that many European countries have intervened in foreign exchange markets when deemed necessary to reduce volatility and possibly keep exchange rates within a band around a target rate. But opinions still differ on whether these interventions could stabilize exchange rates. The paper, therefore, sought to present …
Foreign Exchange Flows Through The Central Bank During The Fourth Quarter Of 1984, Central Bank Of Nigeria Cbn
Foreign Exchange Flows Through The Central Bank During The Fourth Quarter Of 1984, Central Bank Of Nigeria Cbn
Economic and Financial Review
Movements in foreign exchange during the fourth quarter of 1984 showed that total inflow was higher than total disbursement, resulting in a net inflow of N219.8 million as against the net outflow of NI 14.0 million recorded during the preceding quarter