The Central Bank of Haiti (BRH) will continue to protect international reserves and preserve exchange rate flexibility, while acting as necessary to contain
disorderly market conditions.
For one thing, politicians are more likely to continue increasing their countries' reliance on financing, thereby heightening the risk of
disorderly market adjustments, than they are to implement difficult structural reforms and fiscal adjustments.
While exchange rates should also be allowed to adjust to balance of payments flows, foreign exchange intervention should remain in the toolkit to address
disorderly market conditions.
We do not shy away from temporarily suspending trading if we believe an uninformed or
disorderly market exists.
Amidst these broadly positive trends, the PIMCO execs see three signficant global economic risks: a "potentially
disorderly market reaction .
interest rates, especially in the case of a
disorderly market reaction
According to Moody's, the principal risks to sovereign creditworthiness across the globe are the possibility of confidence shocks from the expected rise in US interest rates, especially in the case of a
disorderly market reaction, the impact of lower growth in China and the euro area, the overhang of geopolitical risks, and reform fatigue.
Korean authorities should limit foreign exchange intervention to the exceptional circumstances of
disorderly market conditions and increase the transparency of their interventions in foreign exchange.
He said: "This announcement may have led to a
disorderly market in shares.
a gradual shift from a less accommodative monetary policy causes a
disorderly market reaction;
Policymakers should allow their exchange rates to respond to changes in the environment and act as shock absorbers, while avoiding
disorderly market conditions.
In the annual staff report on Japan, the IMF advised the country to allow the market to determine the exchange rate, "although intervention could be used to counter volatile or
disorderly market conditions.
