Policy Papers

Integrated Policy Framework—Principles for the Use of Foreign Exchange Intervention

December 21, 2023

Download PDF Order a Print Copy
Order a Print Copy

Preview Citation

Format: Chicago

Integrated Policy Framework—Principles for the Use of Foreign Exchange Intervention, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

This note guides policy advice on the use of foreign exchange intervention (FXI) as part of the Integrated Policy Framework (IPF) in Fund surveillance. The note provides general principles for the advice in countries with flexible exchange rates and sets out three use cases for FXI that are tied to specific frictions. It explores the use of FXI as part of an overall policy response, allowing the advice to differ with shocks, frictions, and country-specific circumstances.

Subject: Currency markets, Exchange rate adjustments, Exchange rates, Financial markets, Foreign exchange, Inflation, Monetary policy, Political economy, Prices

Keywords: Capital flows, Currency markets, Exchange rate adjustments, Exchange rates, Foreign exchange intervention, FX mismatch, Global, Inflation, Integrated Policy Framework, IPF friction, IPF policy, Macroprudential Policy, Monetary Policy, Policy discussion, Staff advice

Publication Details

  • Pages:

    61

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Policy Paper No. 2023/061

  • Stock No:

    PPEA2023061

  • ISBN:

    9798400263842

  • ISSN:

    2663-3493

You May Also Be Interested In...

Unlocking Adaptation Finance in Emerging Market and Developing Economies

November 19, 2024

EBA-Lite 3.0 Model and Methodology

November 18, 2024

Quarterly Projection Model for the Bank of Ghana: Extensions and Applications

November 15, 2024

Foreign Exchange Intervention Under the Integrated Policy Framework: The Case of India

November 15, 2024