Bonser-Neal, Catherine; Roley, V Vance; Sellon Jr., Gordon H - In: The Journal of Business 71 (1998) 2, pp. 147-77
The authors reexamine the relationships among Federal Reserve monetary-policy actions, U.S. interventions in currency markets, and exchange rates using an alternative measure of monetary policy actions, the Federal Reserve's federal funds rate target. They find that exchange rates generally...