Working Paper
More on the differences between reported and actual U.S. central bank foreign exchange intervention
Abstract: An analysis of the differential impacts of reported and actual U.S. foreign exchange intervention on the mean and conditional variance of the Deutschemark-to-dollar and yen-to-dollar exchange rates. For part of the sample period, the impact of intervention on the variance of the exchange rates is shown to depend on whether the intervention was reported.
Keywords: Foreign exchange - Law and legislation;
Access Documents
File(s):
File format is application/pdf
https://fraser.stlouisfed.org/scribd/?item_id=494622&filepath=/docs/historical/frbclev/wp/frbclv_wp1995-01.pdf#scribd-open
Description: Full text
Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1995
Number: 9501