How are Exchange Rates Managed? Evidence of an Anchor‐Based Heuristic

Central banks often intervene in the foreign exchange market to obtain desirable exchange rates. How this is done has remained totally opaque although central banks are likely to adopt a satisficing rather than optimizing strategy as they need to intervene frequently in a timely manner under incompl...

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Bibliographic details
Volume: 38
Main Author: Chen, Kang
Kwan, Chang Yee
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: HOBOKEN WILEY-BLACKWELL 01.06.2015
Wiley Subscription Services, Inc
published in: World economy Vol. 38; no. 6; pp. 1006 - 1014
ORCID: 0000-0002-1863-4875
Data of publication: June 2015
ISSN: 0378-5920
EISSN: 1467-9701
Discipline: Economics
International Relations
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2015
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