Central-Bank Intervention: Recent Literature, Continuing Controversy
综述近期关于中央银行干预外汇市场的文献,发现干预对市场预期有一定影响,但缺乏证据支持G-3国家近年来的干预政策。
A review of recent literature on central-bank intervention in exchange markets, finding some qualified support for the power of intervention to influence market expectations, but finding little evidence to support the interventionist policy the G-3 countries have conducted in recent years.