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Påvirker Norges Banks valutatransaksjoner på vegne av staten kronekursen?

Author

Listed:
  • Valseth, Siri

    (University of Stavanger)

Abstract

Kronesvekkelsen høsten 2022 og våren 2023 førte til debatt om årsakene til dette. Mange mente at lavere rentedifferanse mot utlandet, fallende oljepris og dårligere betingelser for investorer i Norge var hovedårsakene. Noen mente at de store kronesalgene fra Norges Bank på vegne av Statens Pensjonsfond Utland (SPU) også hadde betydning. Norges Bank fremholder at kronesalg knyttet til SPU ikke skal påvirke kronekursen, da de motsvares av kronekjøp fra oljesel- skapene. I denne artikkelen undersøker jeg dette med utgangspunkt i valutahan- delsstatistikken publisert av Norges Bank. Resultatene basert på en VAR modell viser at endringer/sjokk i Norges Banks valutahandel på vegne av staten påvirker den fremtidige kronekursen.

Suggested Citation

  • Valseth, Siri, 2023. "Påvirker Norges Banks valutatransaksjoner på vegne av staten kronekursen?," UiS Working Papers in Economics and Finance 2023/3, University of Stavanger.
    • Handle: RePEc:hhs:stavef:2023_003
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    References listed on IDEAS

    as
    1. Martin D.D. Evans & Richard K. Lyons, 2017. "Order Flow and Exchange Rate Dynamics," World Scientific Book Chapters, in: Studies in Foreign Exchange Economics, chapter 6, pages 247-290, World Scientific Publishing Co. Pte. Ltd..
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    More about this item

    Keywords

    Kronekurs; Norges Banks valutahandel;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange

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