Funke, Michael; Chen, Yu-Fu; Glanemann, Nicole - Institut für Makroökonomie und Wirtschaftspolitik, … - 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 …