Narrow search
Showing 1 - 10 of 1,414
Cover Image
How successful are exchange rate communication and interventions? Evidence from time-series and event-study approaches
Fratzscher, Marcel - 2005
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
Cover Image
Is the Tokyo foreign exchange market efficient from two perspectives of forward bias and anomaly?
Kurihara, Yutaka - In: Modern economy 2 (2011) 4, pp. 597-601
Persistent link: https://www.econbiz.de/10009620658
Cover Image
Japanese foreign exchange intervention and the Yen/Dollar exchange rate : a simultaneous equations approach using realized volatility
Hillebrand, Eric (contributor); Schnabl, Gunther (contributor) - 2006
Persistent link: https://www.econbiz.de/10003364632
Cover Image
Japanese foreign exchange intervention and the Yen/Dollar exchange rate : a simultaneous equations approach using realized volatility
Hillebrand, Eric; Schnabl, Gunther; Ulu, Yasemin - 2006
We use realized volatility to study the influence of central bank interventions on the yen/dollar exchange rate. Realized volatility is a technical innovation that allows specifying a system of equations for returns, realized volatility, and interventions without endogeneity bias. We find that...
Persistent link: https://www.econbiz.de/10003366054
Cover Image
Does the simple microstructure model tell the time of the FX intervention? A one day analysis of the Japanese FX intervention
Kitamura, Yoshihiro - In: Research in international business and finance 36 (2016), pp. 436-446
Persistent link: https://www.econbiz.de/10011594524
Cover Image
The effectiveness of central bank intervention : evidence from taiwan’s foreign exchange market
Chen, Dar-hsin; Lee, Ying-Hsin - In: The Singapore economic review 68 (2023) 1, pp. 99-118
Persistent link: https://www.econbiz.de/10014279096
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/10010295734
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
Automating exchange rate target zones: intervention via an electronic limit order book
Melvin, Michael; Menkhoff, Lukas; Schmeling, Maik - 2008
This paper describes and analyzes automated intervention of a target zone. Unusually detailed information about the … order book allows studying intervention effects in a microstructure approach. We find in our sample that intervention … increases exchange rate volatility (and spread) for the next minutes but that intervention days show a lower degree of …
Persistent link: https://www.econbiz.de/10010264306
Cover Image
Sterilisierte Devisenmarktinterventionen - ein umstrittenes währungspolitisches Instrument
Wollmershäuser, Timo - In: ifo Schnelldienst 56 (2003) 19, pp. 34-44
Ziel dieses Aufsatzes ist es, die Wirksamkeit von Devisenmarktinterventionen im Lichte eines neuen Wechselkursmodells zu bewerten. Dabei steht nicht die Beeinflussung von Fundamentalfaktoren im Vordergrund, sondern die Koordination heterogener Erwartungen unter den Devisenmarktakteuren, die zu...
Persistent link: https://www.econbiz.de/10011692075