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Asymmetric effects of FOREX intervention using intraday data: evidence from Peru
Lahura, Erick; Vega, Marco - Bank for International Settlements (BIS) - 2013
Asymmetric effects of Central Bank foreign exchange (forex) intervention have not been extensively studied in the …. Specifically, central bank intervention is more effective in reducing the interbank exchange rate than in raising it. …
Persistent link: https://www.econbiz.de/10010723564
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Order Flow and the Real: Indirect Evidence of the Effectiveness of Sterilized Interventions
Kohlscheen, Emanuel - Bank for International Settlements (BIS) - 2013
records of daily customer order flow data reported by Brazilian dealers, as well as foreign exchange intervention data over a …
Persistent link: https://www.econbiz.de/10010723565
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Living with flexible exchange rates: issues and recent experience in inflation targeting emerging market economies
Ho, Corrinne; McCauley, Robert N. - Bank for International Settlements (BIS) - 2003
This overview paper examines two main issues. The first is why the exchange rate matters, especially for emerging market economies. The second is under what circumstances and how countries have dealt with the challenges posed by the exchange rate in recent years in the context of inflation...
Persistent link: https://www.econbiz.de/10005063357
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Currency intervention and the global portfolio balance effect: Japanese lessons
Gerlach-Kristen, Petra; McCauley, Robert N - Bank for International Settlements (BIS) - 2012
intervention proceeds in US bonds and that a global portfolio balance effect spread the resulting decline in US yields to other …
Persistent link: https://www.econbiz.de/10010592538