A situation when more than one central bank attempts to shift the equilibrium exchange rate to support a targeted exchange rate is called

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Coordinated intervention occurs when multiple central banks attempt to shift the equilibrium exchange rate to support a targeted exchange rate. This may involve buying or selling currencies in the foreign exchange market. Sterilization refers to a monetary policy action taken by a central bank to offset the effects of an intervention in the foreign exchange market. A currency crisis is a situation where there is a sharp depreciation or devaluation of a currency, often due to a loss of confidence in the economy or government. Special drawing rights are a type of international reserve asset created by the IMF. A floating exchange rate system is a system where the exchange rate is determined by market forces rather than government intervention.

A Situation When More Than One Central Bank Attempts to Shift