BIS: EM central banks up FX intervention to preserve stability

Maintaining financial stability shown to be increasingly important for EM central banks operating in FX markets

Emerging markets
Between 2009 and 2014, EM FX reserves rose from $4 trillion to $7 trillion

The central banks of emerging market (EM) economies have become more active at intervening in foreign exchange markets since the financial crisis, helped by the near doubling of foreign reserves they hold, with the aim of smoothing exchange rate fluctuations, the Bank for International Settlements (BIS) says in its latest quarterly review.

The BIS identifies two trends that may have caused EM central banks to boost their involvement in FX markets for the sake of stability: the rapid upswing of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: