Similar Search Results

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

The impact of FX central bank intervention in a noise trading framework

Beine, Michel; De Grauwe, Paul; Grimaldi, Marianna - In: Journal of banking & finance 33 (2009) 7, pp. 1187-1195

Persistent link: https://www.econbiz.de/10003842244

Can central bank intervention stabilize exchange rates by increasing confidence in fudamentals?

Reitz, Stefan; Stadtmann, Georg - In: Aspekte der internationalen Ökonomie, (pp. 197-212). 2005

Persistent link: https://www.econbiz.de/10003151675

Central bank intervention and heterogeneous exchange rate expectations : evidence from the daily DEM/US-dollar exchange rate

Reitz, Stefan - In: Open economies review 16 (2005) 1, pp. 33-50

Persistent link: https://www.econbiz.de/10003098282

The impact of FX central bank intervention in a noise trading framework

Beine, Michel (contributor); De Grauwe, Paul (contributor); … - 2005

In this paper we investigate the effects of central bank interventions (CBI) in a noise trading model with chartists and fundamentalists. We first estimate a model in which chartists extrapolate past returns and fundamentalists forecast a mean reverting dynamics of the exchange rate towards a...

Persistent link: https://www.econbiz.de/10003113337