Chionis, Dionysios; Liargovas, Panagiotis - In: Ekonomia 7 (2004) 1, pp. 42-55
Ôhis paper investigates the implications of exchange rate intervention on the forward market and on the asset returns in Greece during the ‘hard’ greek drachma period 1987-98, when the Central Bank of Greece frequently intervened. We examine the efficiency of the forward exchange market...