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8. Kenen, P. (1982) УEffects of Intervention and Sterilization in the Short Run and in the Long RunФ, In УThe International Monetary System under Flexible Exchange Rates: Global, Regional, and National: Essays in Honor of Robert TriffinФ, eds.

Cooper R.N., Kenen P.B., de Macedo J.B, and van Ypersele J., Cambridge, MA: Ballinger.

9. Obstfeld, M. (1990) УThe Effectiveness of Foreign-Exchange Intervention: Recent ExperienceФ, in УInternational Policy Coordination and Exchange Rate FluctuationsФ, edited by William H. Branson, Jacob A. Frenkel, and Morris Goldstein, pp. 197 - 237. Chicago: The University of Chicago Press, NBER Working Paper No. 2796.

10. Rogoff, K. (1984) УOn the Effects of Sterilized Intervention:

An Analysis of Weekly DataФ, Journal of Monetary Economics 14.

11. Sarno, L., Taylor, M. (2001) УOfficial Intervention in the Foreign Exchange Market: Is It Effective If So, How Does It WorkФ, Journal of Economic Literature, Volume 39.

12. Taylor, D. (1982) УOfficial Intervention in the Foreign Exchange Market, or, Bet against the Central BankФ, Journal of Political Economy, 1982, vol. 90(2).

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