Dong Xi-ming
Abstract
Monetary authorities exerted intervention in the foreign exchange market in order to ease undesired fluctuation of the exchange rate.The central bank in China needs to intervene in the foreign exchange market to prevent the exchange rate from violent fluctuation.
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Monetary authorities exerted intervention in the foreign exchange market in order to ease undesired fluctuation of the exchange rate.The central bank in China needs to intervene in the foreign exchange market to prevent the exchange rate from violent fluctuation.
Key concepts: Exchange rate, Foreign exchange market, Foreign exchange, Monetary economics, Intervention (counseling), Order (exchange), China, Sterilization (economics)