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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 …
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-euro and yen-US dollar exchange rates in the desired direction on intervention days. Oral interventions are found to be …
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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...
Persistent link: https://www.econbiz.de/10011604574
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...
Persistent link: https://www.econbiz.de/10005070384
-euro and yen-US dollar exchange rates in the desired direction on intervention days. Oral interventions are found to be …
Persistent link: https://www.econbiz.de/10005070388
Persistent link: https://www.econbiz.de/10000092440