01730cas a2200241 a 4500 AALejournalIMF007477 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451974430 1934-7456 BD-DhAAL BD-DhAAL Enoch, Charles. Transparency in Central Bank Operations in the Foreign Exchange Market / Charles Enoch. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (24 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Transparency in the economic sphere involves making public sector action visible and understandable to the private sector. Transparency in central bank operations can be seen a complement to the greater transparency being established in policy formulation. Among the most important areas in this regard and the central bank's operations in the foreign exchange market. This paper looks at the respective roles of overt and covert foreign exchange market operations, and considers that each may be appropriate under particular conditions. Reconciling covert operations with transparency requires rules for full disclosure with as short a lag as possible. Mode of access: Internet IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1998/002 Full text available on IMF http://elibrary.imf.org/view/journals/003/1998/002/003.1998.issue-002-en.xml IMF e-Library