The International Monetary Fund (IMF) has reminded governments that foreign exchange intervention may be necessary if the corona crisis causes markets to behave disorderly.
The IMF has suggested a number of policy measures that governments across the globe could take to protect their economies from the adverse effects of the coronavirus, which has also stirred the fears of an economic meltdown.
“Exchange rate flexibility can offset external shocks, but foreign exchange intervention may be necessary if market conditions become disorderly,” the IMF suggests.
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