Many economists doubt that G-7 nations cannot "manage" exchange rates because

Question

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Many economists doubt that G-7 nations can manage exchange rates because exchange rate interventions are trivial relative to the size of the foreign exchange market. The daily foreign exchange market is roughly $5.3 trillion, while central bank reserves are only a fraction of this amount. Therefore, it is unlikely that interventions will have a significant and lasting impact on exchange rates.

Many Economists Doubt That G-7 Nations Cannot "Manage" Exchange Rates