Bulletin n. 2/2015
September 2015
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Straubhaar Thomas
    Should Central Banks Manage the Exchange Rate? 


    in Intereconomics , Volume 50, Issue 3, May 2015 ,  2015 ,  Pages 161-164
    Should central banks intervene in currency markets? In theory, within a flexible system, central banks should leave the process of determining appropriate exchange rates to the currency markets. In practice, however, central banks have frequently intervened to “manage” the exchange rates according to their goals and priorities. This article discusses whether central banks can effectively intervene in currency markets and describes some lessons other countries could learn from the Swiss experience.
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