Foreign Exchange Intervention - Bank of Sierra Leone

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8. (Cont’d.) THEORETICAL FRAMEWORK OF FX INTERVENTION The above identity shows that a change in net reserves of the monetary authorities is equal to the excess of money creation over domestic credit creation. The frame work, although still rather simple, does suggest the following scenarios. 14
8. (Cont’d.) THEORETICAL FRAMEWORK OF FX INTERVENTION External deficits or reserve losses can be controlled. Secondly, the framework could be used to explain the mechanics of foreign exchange intervention. How this is done could be observed as we go through the mechanics given on the other page. 15
Page 1 and 2: 1. THE EFFECTIVENESS OF FOREIGN EXC
Page 3 and 4: 2. FOREIGN EXCHANGE INTERVENTION De
Page 5 and 6: 3. RELEVANCE OF FOREIGN EXCHANGE RA
Page 7 and 8: 4. (Cont’d.) DEVELOPMENTS OF FORE
Page 9 and 10: 5 (Cont’d.) The latter is amenabl
Page 11 and 12: 6. (Cont’d.) WHY DO POLICYMAKERS
Page 13: THEORETICAL FRAMEWORK OF FX 8. INTE
Page 17 and 18: 10. 1. The Starting Point Review of
Page 19 and 20: 10. (Cont’d.) What if the monetar
Page 21 and 22: 11. IS FOREIGN EXCHANGE INTERVENTIO
Page 23 and 24: 12. THE EFFECTIVENESS OF FOREIGN EX
Page 25 and 26: 13.(Cont’d.) Secondly, using mark

Foreign Exchange Intervention - Bank of Sierra Leone

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