Journal Article

The inaccuracy of newspaper reports of U.S. foreign exchange intervention


Abstract: A comparison of official data on U.S. foreign exchange intervention with newspaper reports, finding that the series are systematically different and implying either that intervention may not be able to signal monetary policy accurately or that not all market participants have equally accurate information about exchange market intervention.

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Review

Publication Date: 1993

Volume: 29

Issue: Q IV

Pages: 25-33