Narrow search
Showing 1 - 10 of 9,005
Cover Image
Central bank intervention and exchange rate expectations : evidence from the daily DM/US-Dollar exchange rate
Reitz, Stefan - 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/10011431685
Cover Image
Les banques centrales pendant la Grande Guerre
Feiertag, Olivier (ed.); Margairaz, Michel (ed.) - 2019
Persistent link: https://www.econbiz.de/10012597224
Cover Image
Is sterilized foreign exchange intervention effective after all? : an event study approach
Fatum, Rasmus; Hutchison, Michael M. - 1999
Central banks actively engage in sterilized foreign exchange market intervention despite numerous empirical studies … irrational? Or is evidence showing the effectiveness of sterilized intervention being overlooked? This paper argues the latter …, providing evidence on the effectiveness of sterilized intervention using an event study approach linking intervention with …
Persistent link: https://www.econbiz.de/10011536325
Cover Image
The Spillover Effects of Target Interest Rate News from the U.S. Fed and the European Central Bank on the Asia-Pacific Stock Markets
Kim, Suk-Joong - 2009
This paper examines the spillover effects of the U.S. Fed's and the European Central Bank (ECB)'s target interest rate news on the market returns and return volatilities of twelve stock markets in the Asia-Pacific region over the period 1999-2006. The news spillover effects on the returns are...
Persistent link: https://www.econbiz.de/10013156252
Cover Image
Bank of Japan and Federal Reserve Interventions in the Yen/ U.S. Dollar Market : Estimating the Central Banks' Reaction Functions
Frenkel, Michael; Pierdzioch, Christian; Stadtmann, Georg - 2002
) in the yen/U.S. dollar market during the period 1991-2001 in order to examine the motivation for the intervention policy … of the BoJ. We also compare the intervention policy of the BoJ and the Federal Reserve. Our results suggest that the BoJ …
Persistent link: https://www.econbiz.de/10014117199
Cover Image
Intermediary Balance Sheets and the Treasury Yield Curve
Du, Wenxin; Hébert, Benjamin; Li, Wenhao - National Bureau of Economic Research - 2022
We document regime change in the U.S. Treasury market post-Global Financial Crisis (GFC): dealers switched from a net short to a net long position in the Treasury market. We first derive bounds on Treasury yields that account for dealer balance sheet costs, which we call the net short and net...
Persistent link: https://www.econbiz.de/10013334440
Cover Image
Selective swap arrangements and the global financial crisis : analysis and interpretation
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2009
The onset of the US credit crisis in 2008, and its rapid globalization induced the FED to extend unprecedented swap-lines of 30 billion dollars to four emerging markets, and the proliferation of other cross-countries selective swap arrangements. This paper explores the logic for these...
Persistent link: https://www.econbiz.de/10003854615
Cover Image
Selective swap arrangements and the global financial crisis : analysis and interpretation
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2009
The onset of the US credit crisis in 2008, and its rapid globalization induced the FED to extend unprecedented swap-lines of 30 billion dollars to four emerging markets, and the proliferation of other cross-countries selective swap arrangements. This paper explores the logic for these...
Persistent link: https://www.econbiz.de/10003840319
Cover Image
Central bank intervention and exchange rate expectations : evidence from the daily DM/US-Dollar exchange rate
Reitz, Stefan - 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/10001683383
Cover Image
Transatlantic monetary and fiscal policy interaction
Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003
This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
Persistent link: https://www.econbiz.de/10011509484