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This study examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some criteria. The policy works well in terms of smoothing...
Persistent link: https://www.econbiz.de/10011638977
This study examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and a highly effective policy tool, with a success rate in excess of 80 percent under some criteria. The policy works very well in terms...
Persistent link: https://www.econbiz.de/10011382669
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Europäischen Zentralbank -- Währungstheoretische Grundlagen -- Geldpolitik bei globalen Finanzmärkten -- Europäische Währungsunion …Funktionen des Finanzsektors -- Finanzsystem und Finanzierung -- Zentralbanken und Europäische Zentralbank … Geldpolitik -- Geldwertstabilität als Ziel der Geldpolitik -- Geldpolitische Instrumente -- Regelbindung in der Geldpolitik …
Persistent link: https://www.econbiz.de/10012402630
Perspektive, während sie die Rolle der Europäischen Zentralbank aus geldpolitischer Sicht betrachten. Auch Fragen der …
Persistent link: https://www.econbiz.de/10011629130
This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of institutional investors, investment advisors and individual investors, all of them being registered users of a large online platform for market sentiment data. Due to...
Persistent link: https://www.econbiz.de/10003950292