More on the differences between reported and actual U.S. central bank foreign exchange intervention
AbstractAn analysis of the differential impacts of reported and actual U.S. foreign exchange intervention on the mean and conditional variance of the Deutschemark-to-dollar and yen-to-dollar exchange rates. For part of the sample period, the impact of intervention on the variance of the exchange rates is shown to depend on whether the intervention was reported.
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Bibliographic InfoPaper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9501.
Date of creation: 1995
Date of revision:
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- Ghosh, Atish R., 1992.
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- Humpage, Owen F. & Osterberg, William P., 1992.
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- Juann H. Hung, 1991. "Noise trading and the effectiveness of sterilized foreign exchange intervention," Research Paper 9111, Federal Reserve Bank of New York.
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