An Exchange Rate Floor as an Instrument of Monetary Policy: An Ex-Post Assessment of the Czech Exper...
An Exchange Rate Floor as an Instrument of Monetary Policy: An Ex-Post Assessment of the Czech Experience
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Prague: Charles University, Faculty of Social Sciences
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English
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Prague: Charles University, Faculty of Social Sciences
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Contents
In November 2013 the Czech National Bank introduced a floor for the Czech koruna exchange rate as its monetary policy instrument. The rationale for this action was to prevent the risk of deflation in a zero-lower-bound environment where policy rates could not be lowered any further. The goal of this paper is to assess ex post the effect of the exch...
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Full title
An Exchange Rate Floor as an Instrument of Monetary Policy: An Ex-Post Assessment of the Czech Experience
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TN_cdi_proquest_journals_2168837942
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2168837942
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ISSN
0015-1920
E-ISSN
2464-7683
