Sterilization Pt 1

Описание к видео Sterilization Pt 1

This video shows how a central bank in an open economy can try to conduct open market operations in domestic money (or bond) markets and international currency (FOREX) markets simultaneously. In general it cannot try to influence the interest rate or exchange rate and then sterilize the other market (i.e, change the interest rate and prevent exchange rate changes or vice versa) but it can buy or sell international currency reserves and offset the monetary effects by sterilizing the trade in domestic markets.

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