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We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank p
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This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI ru
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Pages: 25
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Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and
