Huang, Zhaodan; Neun, Stephen - In: Global Economy Journal 6 (2007) 2, pp. 3-3
This study empirically examines the effectiveness of Fed intervention on the USD/DM exchange market using an event study approach. The event window is defined as 4 (8) days prior/post an intervention. Based on the empirical analysis, the results show that when the Fed follows an "against the...