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The practice of central bank intervention: looking under the hood
Neely, Christopher J. - Federal Reserve Bank of St. Louis - 2000
This article first reviews methods of foreign exchange intervention and then presents evidence - focusing on survey results - on the mechanics of such intervention. Types of intervention, instruments, timing, amounts, motivation, secrecy and perceptions of efficacy are discussed.
Persistent link: https://www.econbiz.de/10005360565
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Identifying the effects of U.S. intervention on the levels of exchange rates
Neely, Christopher J. - Federal Reserve Bank of St. Louis - 2006
nonlinearity and seemingly innocuous identification assumptions. ; Earlier title: Identifying the effects of central bank …
Persistent link: https://www.econbiz.de/10005352809
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Technical analysis and central bank intervention
Neely, Christopher; Weller, Paul - Federal Reserve Bank of St. Louis - 2000
This paper extends the genetic programming techniques developed in Neely, Weller and Dittmar (1997) to show that technical trading rules can make use of information about U.S. foreign exchange intervention to improve their out-of-sample profitability for two of four exchange rates. Rules tend to...
Persistent link: https://www.econbiz.de/10005352837
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Central bank dollar swap lines and overseas dollar funding costs
Goldberg, Linda S.; Kennedy, Craig; Miu, Jason - Federal Reserve Bank of New York - 2010
Federal Reserve began to establish or expand Temporary Reciprocal Currency Arrangements with fourteen other central banks …. These central banks had the capacity to use the swap facilities to provide dollar liquidity to institutions in their …, suggests that the dollar swap lines among central banks were effective at reducing the dollar funding pressures abroad and the …
Persistent link: https://www.econbiz.de/10008636158
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The practice of central bank intervention: looking under the hood
Neely, Christopher J. - In: The Regional Economist (2001) May, pp. 1-10
This article first reviews methods of foreign exchange intervention and then presents evidence—focusing on survey results—on the mechanics of such intervention. Types of intervention, instruments, timing, amounts, motivation, secrecy, and perceptions of efficacy are discussed.
Persistent link: https://www.econbiz.de/10005717658
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The temporal pattern of trading rule returns and central bank intervention: intervention does not generate technical trading rule profits
Neely, Christopher J. - Federal Reserve Bank of St. Louis - 2002
This paper characterizes the temporal pattern of trading rule returns and official intervention for Australian, German, Swiss and U.S. data to investigate whether intervention generates technical trading rule profits. High frequency data show that abnormally high trading rule returns precede...
Persistent link: https://www.econbiz.de/10005491014
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Technology diffusion within central banking: the case of real-time gross settlement
Bech, Morten L.; Hobijn, Bart - Federal Reserve Bank of New York - 2006
We examine the diffusion of real-time gross settlement (RTGS) technology across all 174 central banks. RTGS reduces … settlement risk and facilitates financial innovation in the settlement of foreign exchange trades. In 1985, only three central …
Persistent link: https://www.econbiz.de/10005420525
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The practice of central bank intervention: looking under the hood
Neely, Christopher J. - In: Review (2001) May, pp. 1-10
This article first reviews methods of foreign exchange intervention and then presents evidence—focusing on survey results—on the mechanics of such intervention. Types of intervention, instruments, timing, amounts, motivation, secrecy, and perceptions of efficacy are discussed.
Persistent link: https://www.econbiz.de/10011026885
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Foreign exchange swaps
Bartolini, Leonardo - In: New England Economic Review (2002) Q 2, pp. 11-12
Foreign exchange swaps have appeared for some time in the intervention toolkit of many central banks around the world …. 332), seven of fourteen industrial-country central banks surveyed listed foreign exchange swaps against either the U …
Persistent link: https://www.econbiz.de/10005428563
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The Federal Reserve's foreign exchange swap lines
Fleming, Michael J.; Klagge, Nicholas J. - In: Current Issues in Economics and Finance 16 (2010) Apr
arrangements, or "swap lines," with other central banks. The swap line program, which ended early this year, enhanced the ability … of these central banks to provide U.S. dollar funding to financial institutions in their jurisdictions. …
Persistent link: https://www.econbiz.de/10008486838