Series: IMF Working Papers
Author(s): Tamim Bayoumi , and Christian Saborowski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 December 2012
Keywords: Reserve accumulation, current account, capital account, current accounts, capital account liberalization, General,
Views on the effectiveness of sterilized reserve intervention vary. Sterilized intervention is generally seen as ineffective in advanced countries while persistent intervention by some emerging markets is often cit...