Events

Exchange Rate Intervention: Theory and Experience

A conference to be held at Cambridge University under the auspices of
The Centre for International Macroeconomics and Finance (CIMF)
in collaboration with theInternational Journal of Finance and Economics

September 7-8 2006

Conference Organisers: Christopher J. Neely and Mark P. Taylor

Attitudes towards the use of official foreign exchange rate intervention vary, both over time and across policymakers and researchers. While it is clear that official intervention cannot substitute for an appropriate monetary and fiscal policy mix in determining the level of the exchange rate, the issue of whether or not there remains a role for intervention—for example, as a device through which the market can learn about policy, or through which policymakers can coordinate informed as opposed to destabilising speculation—remains a topic of debate. At the practical level, some monetary authorities have used intervention regularly and, on occasion, heavily in recent years, while others have not intervened at all.

Given this, together with the advances that have been made in research on exchange rate intervention due, for example, to the availability of high-frequency data on intervention from a number of monetary authorities, the time seems right for taking stock of what we have and have not learnt from our experiences with intervention.

This conference will bring together leading researchers in this area, and will provide a showcase of the state of the art in historical, theoretical and empirical analyses of exchange rate intervention, as well as a forum for debate and the exchange of ideas.

A full list of papers to be presented at the conference is given below.

The conference will open after lunch on Thursday September 7^th and close late afternoon on Friday September 8^th.  The registration fee is £180.  As well as attendance at the conference sessions, the package includes the conference dinner and overnight accommodation in Clare College on September 7^th, lunch on September 8^th and tea and light refreshments on both days. 

There are a restricted number of places available at the conference and early registration is advised.

Registration can only be accepted with full payment of the registration fee. Last booking date 20th August.

Further details and the final conference programme will be sent out and e-mailed to registered delegates near the time of the conference.  

Booking Form

Papers