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    IMF Paper on Policy Analysis and Assessment

    © 1998 International Monetary Fund

    This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.

    PPAA/98/2

    INTERNATIONAL MONETARY FUND

    Monetary and Exchange Affairs Department

    Transparency in Central Bank Operations in the Foreign Exchange Market

    Prepared by Charles Enoch1

    March 1998

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