Foreign Exchange Intervention: Theory and Evidence
نویسندگان
چکیده
منابع مشابه
Foreign exchange intervention in Colombia
This paper describes the Banco de la República’s FX intervention policy, with a focus on its objectives and main features. It then argues, based on a review of the literature on the effectiveness of sterilized intervention in Colombia, that this tool is not a useful way of coping with the challenges posed by medium-term external factors such as quantitative easing in advanced economies, reduced...
متن کاملMicrostructure Theory and the Foreign Exchange Market
GROWING BODY OF theoretical literature, known as the study of securities market microstructure, deals with the behavior of participants in securities markets and with the effects of information and institutional rules on the economic performance of those markets. These institutional factors may arise from technology, tradition or regulation. Microstructure and its impact are important, because ...
متن کاملMicrostructure Theory and the Foreign Exchange Market
GROWING BODY OF theoretical literature, known as the study of securities market microstructure, deals with the behavior of participants in securities markets and with the effects of information and institutional rules on the economic performance of those markets. These institutional factors may arise from technology, tradition or regulation. Microstructure and its impact are important, because ...
متن کاملForeign exchange rate exposure: Evidence from Canada
a r t i c l e i n f o JEL classification: G32 G12 G01 F31 D53 D82 Keywords: Financial risk Foreign exchange rate Nonlinear exposure Asymmetric exposure Nonparametric methods Using weekly data from 2003 to 2011, this paper examines the presence of exchange rate exposure in thirteen Canadian industry sectors. This study contributes to the literature in a number of ways: (i) it considers the prese...
متن کاملTechnical Trading Rule Pro tability and Foreign Exchange Intervention
There is reliable evidence that simple rules used by traders have some predictive value over the future movement of foreign exchange prices. This paper will review some of this evidence and discuss the economic magnitude of this predictability. The pro tability of these trading rules will then be analyzed in connection with central bank activity using intervention data from the Federal Reserve....
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ژورنال
عنوان ژورنال: Southern Economic Journal
سال: 1996
ISSN: 0038-4038
DOI: 10.2307/1061338