Journal Article
Intervention and the bid-ask spread in G-3 foreign exchange rates
Abstract: A test of whether the anticipation of G-3 (Germany, Japan and the U.S.) central-bank intervention explains wider bid-ask spreads in the spot and forward rates of marks/dollars and yen/dollars, finding little evidence to support the view that spreads widen in anticipation of intervention.
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https://fraser.stlouisfed.org/title/economic-review-federal-reserve-bank-cleveland-1328/1992-quarter-2-4738?page=3
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1992
Volume: 28
Issue: Q II
Pages: 2-13