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How successful is the G7 in managing exchange rates?
Fratzscher, Marcel - 2008
moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …
Persistent link: https://www.econbiz.de/10011604998
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How successful is the G7 in managing exchange rates?
Fratzscher, Marcel - 2008
moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …
Persistent link: https://www.econbiz.de/10003794160
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How Successful is the G7 in Managing Exchange Rates?
Fratzscher, Marcel - 2015
moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …
Persistent link: https://www.econbiz.de/10012750085
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Central bank intervention and exchange rate expectations : evidence from the daily DM/US-Dollar exchange rate
Reitz, Stefan - 2002
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10011431685
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The effectiveness of the FX market interventions of the Bundesbank during the Louvre period : an options-based analysis
Pierdzioch, Christian - 2000
period to alter either the level or the volatility of the $/DM spot rate is examined. Volatility quotes implicit in foreign …
Persistent link: https://www.econbiz.de/10011476547
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Managed Floating : Understanding the New International Monetary Order
Bofinger, Peter; Wollmershaeuser, Timo - 2001
Although there seems to be a broad consensus among economists that purely floating or completely fixed exchange rates (the so-called corner solutions) are the only viable alternatives of exchange rate management, many countries do not behave according to this paradigm and adopt a strategy within...
Persistent link: https://www.econbiz.de/10014129040
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Identifying the Effects of U.S. Intervention on the Levels of Exchange Rates
Neely, Christopher J. - 2007
Most intervention studies have been silent on the assumed structure of the economic system - implicitly imposing implausible assumptions - despite the fact that inference depends crucially on such issues. This paper identifies the cross-effects of intervention and the level of exchange rates...
Persistent link: https://www.econbiz.de/10014057873
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Exchange rate volatility and choice of anchor currency : prospects for a Melanesian currency union
Lahari, Willie - 2011
: Australia, New Zealand, USA and Japan. The main findings showed that both short-term and cyclical exchange rate volatility are … focuses on the effects of a currency union on exchange rate volatility following similar approach by Scrimgeour (2002 … currency baskets. Choosing a single common anchor currency based solely on exchange rate volatility may not be conclusive …
Persistent link: https://www.econbiz.de/10009409641
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Macroeconomic News and the DM/$ Exchange Rate
Protopapadakis, Aris - 2012
Empirical confirmation that the effect of macroeconomic fundamentals on exchange rates is economically important has been scarce. This paper employs a general GARCH specification with asymmetric responses to investigate the effect of 35 U.S. and German macroeconomic news announcements on the...
Persistent link: https://www.econbiz.de/10013103318
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The global factor in neutral policy rates : some implications for exchange rates, monetary policy, and policy coordination
Clarida, Richard H. - 2019
This paper highlights some of the theoretical and practical implications for monetary policy and exchange rates that derive specifically from the presence of a global general equilibrium factor embedded in neutral real policy rates in open economies. Using a standard two country DSGE model, we...
Persistent link: https://www.econbiz.de/10012004672