This report presents for the first time data on Belgium and Luxembourg treated as separate countries instead of the Belgium/Luxembourg Economic Union (BLEU). The long series for EA12, EU15, and IC24 have become obsolete and are henceforth discontinued.

The paper analyses whether communication and actual interventions in FX markets are successful in moving exchange rates over the medium- to long-run. It compares empirical evidence based on time-series analysis with that obtained from an eventstudy approach. Both the time-series approach based...