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Intervention in the Forward Market by the Reserve Bank Under the Spot-Swap System

✍ Scribed by R. M. GIDLOW


Book ID
114936839
Publisher
John Wiley and Sons
Year
1986
Tongue
English
Weight
55 KB
Volume
54
Category
Article
ISSN
0038-2280

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This paper presents estimates of a daily reaction function of the Central Bank of Russia for the period 1 October 1996 -1 October 1997. The dependent variable is daily purchases/sales of the Bank in the Treasury bill market. The short run objectives of the Bank identified are the avoidance of excess