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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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. Later, the introduction of models that allowed for imperfect information [Brainard, 1967; Poole, 1970] led to the conclusion that exchange rate policies could be used for stabilization purposes.
There has been a long and voluminous literature about official intervention in foreign exchange markets. Official intervention is generally defined as those foreign exchange transactions of monetary authorities that are designed to influence exchange rates, but can more broadly refer to other policies for that purpose.
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