Asymmetric effects of Central Bank foreign exchange (forex) intervention have not been extensively studied in the … literature, even though in practice Central Bank's motives for purchasing and for selling foreign currency may differ. This paper … studies asymmetric effects of Central Bank interventions under the premise that policy authorities view depreciations and …

We study empirically the effect of focus (specialization) vs. diversification on the return and the risk of banks using …) focus and diversification using a unique data set that is able to identify individual bank loan exposures to different … bank return while endogenously producing riskier loans for all banks in our sample (this effect being most powerful for …