managed currency

(redirected from Intervention in Foreign Exchange Markets)
Also found in: Financial.
Related to Intervention in Foreign Exchange Markets: Central bank intervention

managed currency

n
(Currencies) a currency that is subject to governmental control with respect to the amount in circulation and the rate of exchange with other currencies
References in periodicals archive ?
Italian economic and finance ministers have appealed for help to the European Union and the ECB, while ECB President Jean-Claude Trichet has hinted at the possibility of a cut in European interest rates and even direct intervention in foreign exchange markets.
Friedman [1953] provides the classic argument against central bank intervention in foreign exchange markets.
There has been a long and voluminous literature about official intervention in foreign exchange markets.