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The coordination channel of foreign exchange intervention : a nonlinear microstructural analysis
Reitz, Stefan (contributor); Taylor, Markt P. (contributor) - 2006
The coordination channel has been proposed as a means by which foreign exchange market intervention may be effective, in addition to the traditional portfolio balance and signaling channels. If strong and persistent misalignments of the exchange rate are caused by non-fundamental influences,...
Persistent link: https://www.econbiz.de/10003304957
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Core inflation rates : a comparison of methods based on west German data
Landau, Bettina - 2000
price trend, i.e. the persistent component of measured inflation. This price trend is therefore assumed to be free of … transitory price movements. This paper focuses on an empirical analysis of data taken from the consumer price index for (western … procedure: statistical methods and methods based on economic theory. The latter include a new procedure which is based on the P …
Persistent link: https://www.econbiz.de/10011418839
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Central bank intervention and exchange rate expectations : evidence from the daily DM/US-Dollar exchange rate
Reitz, Stefan - 2002
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10011431685