Exchange rate stabilization operation - exchange rate stabilization operation

...In a broad sense, it can be interpreted as including general economic policies (such as monetary and fiscal policies) that affect exchange rates, but in a narrow sense, the term exchange rate policy is limited to cases where the policy body manipulates the exchange rate itself, and policies adopted with the aim of directly replacing it. The former includes the choice of exchange rate system (fixed or floating exchange rate system (fixed exchange rate system, floating exchange rate system), single, dual, or multiple exchange rate system, etc.) and parity changes and exchange rate stabilization operations under a given exchange rate system, while the latter can include exchange control that directly controls the supply and demand of foreign currency, and policies that attempt to adjust the supply and demand of foreign currency through indirect control of financial aspects such as interest rates and reserve requirements. The basic purpose of exchange rate policy is to maintain the exchange rate at an appropriate level in order to smoothly develop a country's international economic transactions and their settlement. ...

*Some of the terminology used to refer to "exchange rate stabilization operations" is listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…広義には為替相場に影響を及ぼす一般的な経済政策(金融･財政政策等)を含むとも解されるが，狭義には為替相場そのものを政策主体が操作する場合と，直接それに代替することを目的として採られる政策とに限定して為替相場政策という。前者には，為替相場制の選択(固定･変動相場制(固定為替相場制，変動為替相場制)，単一･二重･複数相場制等)と，与えられた為替相場制のもとでの平価変更や為替安定化操作があり，後者には，外国為替の需給に直接統制を加える為替管理，および利子率や預金準備率等の金融面への間接的統制を通じて外国為替の需給を調節しようとする政策を含めることができる。為替相場政策の基本的な目的は，一国の国際経済取引とその決済を円滑に発展させるために，為替相場を適切な水準に保つことである。…

※「為替安定化操作」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典 第２版について | 情報