Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole - Department of Economics Studies, University of Dundee - 2011
This paper presents a theoretical framework analysing the signalling channel of exchange rate interventions as an … theoretical premise of the model is that interventions convey signals that communicate information about the exchange rate … objectives of central bank. The model is used to analyse the impact of Japanese FX interventions during the period 1999 -2011 on …
