Integrated Policy Framework—Principles for the Use of Foreign Exchange Intervention

This note guides policy advice on the use of foreign exchange intervention (FXI) as part of the Integrated Policy Framework (IPF) in Fund surveillance. The note provides general principles for the advice in countries with flexible exchange rates and sets out three use cases for FXI that are tied to...

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Bibliographic Details
Corporate Authors: International Monetary Fund Monetary and Capital Markets Department, International Monetary Fund Institute for Capacity Development, International Monetary Fund Research Dept, International Monetary Fund Strategy, Policy, & Review Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:Policy Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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520 |a This note guides policy advice on the use of foreign exchange intervention (FXI) as part of the Integrated Policy Framework (IPF) in Fund surveillance. The note provides general principles for the advice in countries with flexible exchange rates and sets out three use cases for FXI that are tied to specific frictions. It explores the use of FXI as part of an overall policy response, allowing the advice to differ with shocks, frictions, and country-specific circumstances