bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are …

This paper analyses the impact of central bank interven-tions in the inflation targeting regime. The results of … rate, a central bank may decide to mush instability on the foreign exchange market with foreign exchange interventions …. Namely, through foreign exchange interven-tions, the central bank greatly absorbs the depreciation shock and, consequently …

Central Bank (ECB) and Swiss National Bank (SNB) on the exchange rate's distribution. The empirical setup examines the price …

Most of the economic theory delves into monetary policy based intervention in the event market experiences an asset …. With such strategy, central bank can achieve its monetary policy target while avoiding the side effects associated with …

component and a central bank information shock component. We identify both components using changes in interest rate futures and …

We investigate the effects of Central Bank interventions which are designed to smooth exchange rate volatility but are … market order flow. Simulations show that small daily drifts, Brexit-led in the case of Bank of England and commodity …-driven in the Central Bank of Brazil, lead to major impacts on both the stock of foreign reserves and the distribution of …

Are nominal exchange rate variations linked to the central bank's balance sheet? We use two measures of implied … exchange rates using central bank balance sheet data: one is a traditional measure that includes the monetary base, and the … between central bank balance sheet components. Then, we use threshold cointegration techniques to compare these two measures …