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Swedish intervention and the Krona float, 1993 - 2002

Humpage, Owen F.; Ragnartz, Javiera - 2006

Using a set of standard success criteria, we show that Riksbank foreign-exchange interventions between 1993 and 2002 lacked forecast value; that is, the observed number of successes was not significantly greater - and usually substantially smaller - than the number one would anticipate given the...

Persistent link: https://www.econbiz.de/10010320785

The euro - what's in it for me? An economic analysis of the Swedish euro referendum of 2003

Jonung, Lars; Vlachos, Jonas - Directorate-General Economic and Financial Affairs, … - 2007

The Swedish referendum on the euro in September 2003 is an exceptional event for researchers of monetary unions and of … European economic integration. Voters chose between maintaining the domestic currency, the krona, and replacing it with the … the traditional optimum currency area (OCA) approach, merged with an account of the distributional effects of Swedish …

Persistent link: https://www.econbiz.de/10008459200

Swedish Intervention and the Krona Float, 1993-2002

Humpage, Owen F.; Ragnartz, Javiera - Sveriges Riksbank - 2006

Using a set of standard success criteria, we show that Riksbank foreign-exchange interventions between 1993 and 2002 lacked forecast value; that is, the observed number of successes was not significantly greater—and usually substantially smaller—than the number one would anticipate given the...

Persistent link: https://www.econbiz.de/10005649033

Dvigubojo kozirio portfelio naudojimas sprendimams valdyti globalioje valiutų rinkoje

Rutkauskas, Aleksandras Vytautastestas; Lukoševičius, … - 2006

Pagrindinis šio straipsnio tikslas – atskleisti vadinamojo dvigubojo kozirio sprendimų valdymo globalioje valiutų rinkoje modelio turinį ir pateikti jo praktinio naudojimo galimybes bei rezultatus. Šis modelis sudarytas remiantis vieno iš autorių anksčiau pasiūlytu adekvačiuoju...

Persistent link: https://www.econbiz.de/10009478854

Comment--Intervention and the dollar's decline

Humpage, Owen F. - In: Economic Review (1988) Q III, pp. 32-34

This comment will explain the differences and respecify some of the equations to dispel any misconceptions in Humpage's earlier article of the same title.

Persistent link: https://www.econbiz.de/10005360710

An assessment of the impact of Japanese foreign exchange intervention: 1991-2004

Chaboud, Alain P.; Humpage, Owen - Federal Reserve Board (Board of Governors of the … - 2005

We analyze the short-term price impact of Japanese foreign exchange intervention operations between 1991 and 2004, using official data from Japan's Ministry of Finance. Over the period as a whole, we find some evidence of a modest "against the wind" effect, but interventions do not have value as...

Persistent link: https://www.econbiz.de/10005368465

Remarks at the celebration of the 10th anniversary of CLS

Cumming, Christine M. - Federal Reserve Bank of New York - 2013

Comments at the 10th Anniversary of CLS, New York City.

Persistent link: https://www.econbiz.de/10010725006

U.S. foreign-exchange-market intervention during the Volcker-Greenspan era

Bordo, Michael D.; Humpage, Owen F.; Schwartz, Anna J. - Federal Reserve Bank of Cleveland - 2010

The Federal Reserve abandoned foreign-exchange-market intervention because it conflicted with the System’s commitment to price stability. By the early 1980s, economists generally concluded that, absent a portfolio-balance channel, sterilized foreign-exchange-market intervention did not provide...

Persistent link: https://www.econbiz.de/10008465777

Dollarization and financial integration

Arellano, Cristina; Heathcote, Jonathan - Federal Reserve Bank of Minneapolis - 2007

How does a country's choice of exchange rate regime impact its ability to borrow from abroad? We build a small open economy model in which the government can potentially respond to shocks via domestic monetary policy and by international borrowing. We assume that debt repayment must be incentive...

Persistent link: https://www.econbiz.de/10004993834

Government intervention in the foreign exchange market

Humpage, Owen F. - Federal Reserve Bank of Cleveland - 2003

This article offers a survey of the literature on foreign exchange intervention, including sections on the theoretical channels through which intervention might affect exchange rates and a summary of the empirical findings. The survey emphasizes that intervention is intended to provide monetary...

Persistent link: https://www.econbiz.de/10005729009

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