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Foreign Exchange Intervention and the Australian Dollar : Has it Mattered?
Liang, Hong - 2003
(RBA) have had on the level and volatility of the Australian dollar exchange rate. First, using an event study we evaluate … Australian dollar. Second, we investigate the effects of RBA intervention policies on exchange rate volatility over the floating … volatility, which suggests that official intervention may have added to market uncertainty. Overall, the effects of RBA …
Persistent link: https://www.econbiz.de/10014403823
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Patterns of foreign exchange intervention under inflation targeting
Adler, Gustavo; Chang, Kyun Suk; Wang, Zijiao - 2020
The paper documents the use of foreign exchange intervention (FXI) across countries and monetary regimes, with special attention to its use under inflation targeting (IT). We find significant differences between advanced and emerging market economies, with the former group conducting FXI...
Persistent link: https://www.econbiz.de/10012251394
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Common Volatility Trends in the Central and Eastern European Currencies and the Euro
Pramor, Marcus - 2006
explore this question by comparing long-run volatility trends in CEE currencies and the euro. We find that these trends are … euro. Spillovers of volatility across regional markets appear to have diminished over time, with the exception of the … Hungarian forint, which remains a source of volatility shocks to regional currencies …
Persistent link: https://www.econbiz.de/10014404235
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The Credibility of Nordic Exchange Rate Bands : 1987-1991
Geadah, Sami - 1992
be rejected from 1989 for Norway and as of 1990 for Denmark. The credibility of Sweden’s band within a one-year horizon …
Persistent link: https://www.econbiz.de/10014398741
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Limiting Currency Volatility to Stimulate Goods Market Integration : A Price-Based Approach
Parsley, David C. - 2001
This paper studies the effect of instrumental and institutional stabilization of exchange rate volatility on the …
Persistent link: https://www.econbiz.de/10014401231
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Structural Factors Affecting Exchange Rate Volatility : A Cross-Section Study
Canales Kriljenko, Jorge Iván - 2004
The paper examines factors affecting exchange rate volatility, with an emphasis on structural features of the foreign … exchange rate volatility. The paper also provides support for earlier results on the influence of macroeconomic conditions and … the choice of exchange rate regime on volatility …
Persistent link: https://www.econbiz.de/10014401319
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The Empirics of Foreign Exchange Intervention in Emerging Markets : The Cases of Mexico and Turkey
Karacadag, Cem - 2004
This paper analyzes the effects of intervention on the level and volatility of the exchange rate in Mexico and Turkey … intervention. In Mexico, foreign exchange sales have a small impact on the exchange rate level and raise short-term volatility …, while in Turkey, intervention does not appear to affect the exchange rate level but reduces its shortterm volatility. In …
Persistent link: https://www.econbiz.de/10014404096
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Exchange Rate Volatility Under Peg : Do Trade Patterns Matter?
Lonkeng Ngouana, Constant - 2012
This paper assesses the role of trade patterns in shaping the volatility of the effective exchange rate under two …
Persistent link: https://www.econbiz.de/10014396596
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Foreign exchange intervention : a dataset of public data and proxies
Adler, Gustavo; Chang, Kyun Suk; Mano, Rui; Shao, Yuting - 2021
Foreign exchange intervention (FXI) is a highly debated topic. Yet, comprehensive and comparable data on FXI is hard to find. This paper provides a new dataset of FXI covering a large number of countries over the period 2000-20 at monthly and quarterly frequencies. It includes publicly available...
Persistent link: https://www.econbiz.de/10012518682
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Foreign exchange intervention rule for central banks : risk-based framework
Lafarguette, Romain; Veyrune, Romain - 2021
rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria … could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the … than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico's FXIs data …
Persistent link: https://www.econbiz.de/10012518276