Narrow search
Showing 1 - 10 of 20,684
Cover Image
A Dynamic Model of Central Bank Intervention
Herrera, Ana Maria; Ozbay, Pinar - Türkiye Cumhuriyet Merkez Bankası - 2005
We examine central bank intervention in foreign exchange markets using a dynamic censored regression model. We allow … the amount of purchase and sale interventions to depend nonlinearly upon lagged values of intervention and on measures of … these specification issues when modeling central bank intervention. …
Persistent link: https://www.econbiz.de/10005792702
Cover Image
Financial Linkages and Financial Stability (Introduction)
Tuma, Zdenek - In: Czech Journal of Economics and Finance (Finance a uver) 63 (2013) 1, pp. 2-4
The introduction to the no. 1/13 of the journal FaÚ-CJEF, focused on the single topic „Financial Linkages and Financial Stability”.
Persistent link: https://www.econbiz.de/10010665461
Cover Image
Interactions of Derivatives with Central Bank Issues
Calistru, Roxana Angela - In: Ovidius University Annals, Economic Sciences Series XII (2012) 1, pp. 1300-1305
Derivatives are an important part of the process of financial innovation that swept global markets. The growth of derivatives has so many implications on the economy in general and for the environment in which the monetary policy operates. This paper examines the impact that presence of...
Persistent link: https://www.econbiz.de/10010632143
Cover Image
exchange market pressure
Jager, Henk; Klaassen, Franc - Palgrave Macmillan
Currencies can be under severe pressure in the foreign exchange market, but in a fixed (or managed) exchange rate regime that is not fully visible via the change in the exchange rate. Exchange market pressure (EMP) is a concept developed to nevertheless measure the pressure in such cases. This...
Persistent link: https://www.econbiz.de/10009395639
Cover Image
Central Bank Foreign Exchange Market Intervention and Option Contract Specification; The Case of Colombia
Mandeng, Ousmène - International Monetary Fund (IMF) - 2003
intervention. Option contract specifications determine the impact of options on the underlying asset or currency, and hence their …-based intervention. The paper reviews the experience of the systematic option-based foreign exchange market intervention of the Central …
Persistent link: https://www.econbiz.de/10005825716
Cover Image
Central Bank Intervention and Exchange Rate Expectations: Evidence from the Daily DM/US-Dollar Exchange Rate
Reitz, Stefan - Deutsche Bundesbank - 2002
bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are … to daily US-dollar/DEM forward rates and intervention data of the Deutsche Bundesbank and the Federal Reserve from 1979 …
Persistent link: https://www.econbiz.de/10005059033
Cover Image
Exchange Rates in Target Zones - Evidence from the Danish Krone
Taylor, Mark P.; Reitz, Stefan - Institut für Weltwirtschaft (IfW) - 2013
intervention policy of intra-marginal operations successfully managed an informal target zone in the foreign exchange market. …
Persistent link: https://www.econbiz.de/10010905572
Cover Image
Exchange Rate Management in Emerging Markets: Intervention via an Electronic Limit Order Book
Melvin, Michael; Menkhoff, Lukas; Schmeling, Maik - CESifo - 2009
beliefs of market participants. We find for our sample that intervention increases exchange rate volatility (and spread) for … the next minutes but that intervention days show a lower degree of volatility (and spread) than non-intervention days. We … also show for intraday data that the price impact of interbank order flow is smaller on intervention days than on non-intervention …
Persistent link: https://www.econbiz.de/10004979392
Cover Image
Swedish Intervention and the Krona Float, 1993-2002
Humpage, Owen F.; Ragnartz, Javiera - Sveriges Riksbank - 2006
transaction, the time lapses between interventions, or the number of foreign currencies involved. As such, Riksbank intervention …
Persistent link: https://www.econbiz.de/10005649033
Cover Image
Options and Central Banks Currency Market Intervention: The Case of Colombia
Keefe, Helena Glebocki; Rengifo, Erick W. - Economics Department, Fordham University - 2014
Several central banks in emerging economies are concerned with excessive volatility in foreign exchange markets and would like to control the direction and speed with which the value of their currency changes. Historically, currency market interventions have consisted of using foreign exchange...
Persistent link: https://www.econbiz.de/10011183096