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On the short term objectives of daily intervention by the Deutsche Bundesbank and the federal reserve system in the U.S. Dollar-Deutsche Mark exchange market

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  • Eijffinger, S.C.W.

    (Tilburg University, Faculty of Economics)

  • Gruijters, A.P.D.

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  • Eijffinger, S.C.W. & Gruijters, A.P.D., 1989. "On the short term objectives of daily intervention by the Deutsche Bundesbank and the federal reserve system in the U.S. Dollar-Deutsche Mark exchange market," Research Memorandum FEW 393, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiurem:b3c9a534-131a-48b4-abbb-cdbf5e13910f
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    References listed on IDEAS

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    1. Gilles, R.P., 1988. "On perfect competition in an economy with a coalitional structure," Other publications TiSEM 61acd137-ecb2-4067-b2d6-6, Tilburg University, School of Economics and Management.
    2. Gilles, R.P., 1988. "On perfect competition in an economy with a coalitional structure," Research Memorandum FEW 298, Tilburg University, School of Economics and Management.
    3. Lehment, Harmen, 1980. "Devisenmarktinterventionen bei flexiblen Wechselkursen: Die Politik des Managed Floating," Open Access Publications from Kiel Institute for the World Economy 28785, Kiel Institute for the World Economy (IfW Kiel).
    4. Selen, W.J. & Heuts, R.M.J., 1988. "Capacitated lot-size production planning in process industry," Research Memorandum FEW 299, Tilburg University, School of Economics and Management.
    5. Bettonvil, B.W.M., 1988. "Factor screening by sequential bifurcation," Research Memorandum FEW 297, Tilburg University, School of Economics and Management.
    6. Bettonvil, B.W.M., 1988. "Factor screening by sequential bifurcation," Other publications TiSEM 8f5e33e9-c1e3-4c85-9f1d-2, Tilburg University, School of Economics and Management.
    7. Rudiger Dornbusch, 1980. "Exchange Rate Economics: Where Do We Stand?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 11(1, Tenth ), pages 143-206.
    8. Selen, W.J. & Heuts, R.M.J., 1988. "Capacitated lot-size production planning in process industry," Other publications TiSEM c7e970a0-e194-4a9f-ba61-e, Tilburg University, School of Economics and Management.
    9. Branson, William H. & Halttunen, Hannu & Masson, Paul, 1977. "Exchange rates in the short run: The dollar-dentschemark rate," European Economic Review, Elsevier, vol. 10(3), pages 303-324.
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    Cited by:

    1. Almekinders, G.J. & Eijffinger, S.C.W., 1992. "Daily Bundesbank and federal reserve intervention and the conditional variance tale in DM/$-returns," Research Memorandum FEW 554, Tilburg University, School of Economics and Management.
    2. Eijffinger, S.C.W. & Gruijters, A.P.D., 1989. "On the effectiveness of daily interventions by the Deutsche Bundesbank and the federal reserve system in the U.S. Dollar-Deutsche Mark exchange market," Research Memorandum FEW 394, Tilburg University, School of Economics and Management.
    3. Dominguez, Kathryn M., 1998. "Central bank intervention and exchange rate volatility1," Journal of International Money and Finance, Elsevier, vol. 17(1), pages 161-190, February.
    4. Klug, Adam & Smith, Gregor W., 1999. "Suez and Sterling, 1956," Explorations in Economic History, Elsevier, vol. 36(3), pages 181-203, July.
    5. Döpke, Jörg & Pierdzioch, Christian, 1999. "What can the ECB learn from Bundesbank interventions? Evidence on the link between exchange rate volatility and interventions," Kiel Working Papers 955, Kiel Institute for the World Economy (IfW Kiel).
    6. Galati, Gabriele & Melick, William & Micu, Marian, 2005. "Foreign exchange market intervention and expectations: The yen/dollar exchange rate," Journal of International Money and Finance, Elsevier, vol. 24(6), pages 982-1011, October.
    7. Frenkel Michael & Stadtmann Georg, 2004. "Trading Rule Profitability and Central Bank Interventions in the Dollar-Deutsch mark Market / Der Zusammenhang zwischen der Profitabilität einer technischen Handelsstrategie und Zentralbankinterventio," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 224(6), pages 653-672, December.
    8. Mark P. Taylor & Lucio Sarno, 2001. "Official Intervention in the Foreign Exchange Market: Is It Effective and, If So, How Does It Work?," Journal of Economic Literature, American Economic Association, vol. 39(3), pages 839-868, September.
    9. Frenkel, Michael & Pierdzioch, Christian & Stadtmann, Georg, 2005. "Japanese and U.S. interventions in the yen/U.S. dollar market: estimating the monetary authorities' reaction functions," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(4-5), pages 680-698, September.
    10. Chen, Ho-Chyuan & Chang, Kuang-Liang & Yu, Shih-Ti, 2012. "Application of the Tobit model with autoregressive conditional heteroscedasticity for foreign exchange market interventions," Japan and the World Economy, Elsevier, vol. 24(4), pages 274-282.
    11. Gabriele Galati & William Melick, 2002. "Central bank intervention and market expectations," BIS Papers, Bank for International Settlements, number 10.
    12. Almekinders, Geert J & Eijffinger, Sylvester C W, 1994. "Daily Bundesbank and Federal Reserve Interventions: Are They a Reaction to Changes in the Level and Volatility of the DM/$-Rate?," Empirical Economics, Springer, vol. 19(1), pages 111-130.

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