Adrangi, Bahram; Allender, Mary; Raffiee, Kambiz - In: Review of Economics & Finance 1 (2011) August, pp. 19-34
This paper investigates the role of central bank intervention in currency markets. Specifically, the bilateral exchange rates of the dollar versus the British pound, Swiss franc, and the yen are examined. Central banks conduct open market operations in order to regulate exchange rates in...