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On the Nonlinear Influence of Reserve Bank of Australia Interventions on Exchange Rates

Ruelke, Jan C. - 2016

This paper applies nonlinear econometric models to empirically investigate the effectiveness of the Reserve Bank of Australia (RBA) exchange rate policy. First, results from a STARTZ model are provided revealing nonlinear mean reversion of the Australian dollar exchange rate in the sense that...

Persistent link: https://www.econbiz.de/10012991094

The Coordination Channel of Foreign Exchange Intervention : A Nonlinear Microstructural Analysis

Reitz, Stefan - 2016

Persistent link: https://www.econbiz.de/10012991195

End-User Order Flow and Exchange Rate Dynamics

Reitz, Stefan - 2016

In this paper we provide evidence for Evans and Lyons' (2005b) model of an information aggregation process in FX markets using a German bank's end-user order flow from 2002 to 2003. Though customer order flow is unambiguously the vehicle incorporating non-public information into exchange rates...

Persistent link: https://www.econbiz.de/10012991150

Foreign Direct Investment, Spillovers and Absorptive Capacity : Evidence from Quantile Regressions

Girma, Sourafel - 2016

productivity spillovers from FDI using establishment level data for the UK. We allow for different effects of FDI on establishments … located at different quantiles of the productivity distribution by using conditional quantile regression. Overall, while there … matters for productivity spillover benefits. We find evidence for a u-shaped relationship between productivity growth and FDI …

Persistent link: https://www.econbiz.de/10012991322