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 …

implied by the fix to a much greater extent in months with higher intervention intensity, but less over the course of 2017, as … intervention has waned. We document ways in which the short-run behavior of the CNY/USD exchange rate has evolved to more closely …

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 …