This all new and exclusive book from Felix Hufner has been classed as one of the most inspirational and comprehensive publications on the subject to ever be released. The foreign exchange intervention as a monetary policy instrument is currently being used by many of the central banks in which there are floating exchange rates. This book as a whole contributes as best it can to close the gap between the countless theories and practices by attempting to interpret exchange intervention. You will also find within its pages an in depth empirical analysis of foreign exchange operating as well as the interest rate policies of inflation.