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Central Bank Intervention and Risk Premia in Foreign Exchange Markets : Evidence of Daily Effects: Switzerland 1986–1995
Bieri, David S. - 2013
Since the Plaza Meeting in September 1985, G-10 central banks have intervened in foreign exchange markets in a manner and scale unprecedented in the post Bretton Woods era. Using official daily data on interventions by the Swiss National Bank, this paper evaluates the effectiveness of these...
Persistent link: https://www.econbiz.de/10013089111
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The Impact of FX Central Bank Intervention in a Noise Trading Framework
De Grauwe, Paul; Grimaldi, Marianna; Beine, Michel A. R. - 2021
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/10013318288
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The Swiss franc's honeymoon
Janssen, Alexandra; Studer, Rahel - 2017 - Revised version, January 2017
Starting from the stylized fact that the Swiss franc is a safe haven currency, this paper focuses on the determinants of the Swiss franc during the lower bound regime from September 2011 to January 2015. We describe the Swiss franc as a function of global market risk fundamentals and find that...
Persistent link: https://www.econbiz.de/10011590470
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The Swiss franc's honeymoon
Studer-Suter, Rahel; Janssen, Alexandra - 2014
To counter the sharp appreciation of the Swiss franc that set in in the wake of the European sovereign debt crisis, on September 6, 2011, the Swiss National Bank announced to enforce a minimum EUR/CHF exchange rate of CHF 1.20. We find that the simple, though elegant model for the exchange rate...
Persistent link: https://www.econbiz.de/10010402676
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An empirical test for the effectiveness of central bank interventions in foreign exchange markets : an application to the Canadian and Swiss Central Banks
Abbuy, Kwami Edem - In: Journal of economics and political economy : JEPE 5 (2018) 4, pp. 450-458
Persistent link: https://www.econbiz.de/10011958000
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The fear of float of the Swiss National Bank
Berthold, Kristin; Stadtmann, Georg - 2018
Switzerland, it does not play a role for its monetary policy independence whether the central bank implements a fixed or a …
Persistent link: https://www.econbiz.de/10011949123
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The Swiss National Bank's fear of float
Berthold, Kristin; Stadtmann, Georg - In: Journal of central banking theory and practice 8 (2019) 2, pp. 51-64
Switzerland, whether the central bank implements a fixed or a floating exchange rate system does not play a role in its monetary …
Persistent link: https://www.econbiz.de/10012016803
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Monetary and Exchange Rate Stability at the EU Mediterranean Borders
Herz, Bernhard - 2007
results indicate that the fundamental volatility of the market based exchange rates is quite moderate and that markets assign …
Persistent link: https://www.econbiz.de/10012729583
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Offshore fears and onshore risk : exchange rate pressures and bank volatility contagion in the People's Republic of China
Lai, Jennifer; McNelis, Paul D. - 2019
of China (PRC), the renminbi (listed as CNH), directly affect the volatility of share prices of PRC banks and the overall …. Thus, CNH market volatility is a leading indicator of onshore PRC banking sector volatility. The results suggest that … generate greater volatility in the PRC’s banking sector. Far from being a shock absorber for the financial system of the PRC …
Persistent link: https://www.econbiz.de/10012137553
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On central bank interventions in the mexican Peso/Dollar foreign exchange market
García-Verdú, Santiago; Zerecero, Miguel - 2014
to consider the limitations of our estimation methodology. …
Persistent link: https://www.econbiz.de/10010402559