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Unconventional monetary policy and the ‘currency wars’

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  • Thornton, John
  • di Tommaso, Caterina

Abstract

Employing a panel of exchange rates and a difference-in-difference methodology, we find that unconventional monetary policy (UMP) resulted in an increase in exchange rate volatility and weaker exchange rates in UMP-adopter countries relative to others.

Suggested Citation

  • Thornton, John & di Tommaso, Caterina, 2018. "Unconventional monetary policy and the ‘currency wars’," Finance Research Letters, Elsevier, vol. 26(C), pages 250-254.
    • Handle: RePEc:eee:finlet:v:26:y:2018:i:c:p:250-254
    DOI: 10.1016/j.frl.2018.02.010
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    References listed on IDEAS

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