Beine, Michel; Laurent, Sébastien; Palm, Franz C. - In: Journal of International Financial Markets, … 19 (2009) 1, pp. 112-127
This paper assesses the impact of G3 official central bank interventions on daily realized moments of DEM/USD exchange rate returns obtained from intraday data, 1989-2001. Event studies of the realized moments for the intervention day, the days preceding and following the intervention illustrate...