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~isPartOf:"BOFIT Discussion Papers"
~isPartOf:"CESifo Working Paper"
~isPartOf:"Discussion Paper Series 1"
~source:"econstor"
~subject:"Devisenmarkt"
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The crisis in the foreign exchange market
Melvin, Michael
;
Taylor, Mark P.
-
2009
implications for
exchange
rates
, volatility, returns to currency investing, and transaction costs. This blow-by-blow" narrative is …
Persistent link: https://www.econbiz.de/10010266026
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2
Exchange rate management in emerging markets : intervention via an electronic limit order book
Melvin, Michael
;
Menkhoff, Lukas
;
Schmeling, Maik
-
2009
This paper describes and analyzes the implementation of a crawling exchange rate band on an electronic trading platform. The placement of limit orders at the central bank's target rate serves as a credible policy statement that may coordinate beliefs of market participants. We find for our...
Persistent link: https://www.econbiz.de/10010275802
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