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Friday, May 15, 2020 | History

2 edition of Does foreign exchange intervention matter? found in the catalog.

Does foreign exchange intervention matter?

Kathryn M. Dominguez

Does foreign exchange intervention matter?

disentangling the portfolio and expectations effects for the mark

by Kathryn M. Dominguez

  • 333 Want to read
  • 20 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Foreign exchange -- Government policy -- Econometric models.,
  • Foreign exchange -- Econometric models.,
  • Foreign exchange -- Forecasting -- Mathematical models.,
  • Demand for money -- Mathematical models.

  • Edition Notes

    StatementKathryn Dominguez, Jeffrey Frankel.
    SeriesNBER working paper series -- working paper no. 3299, Working paper series (National Bureau of Economic Research) -- working paper no. 3299.
    ContributionsFrankel, Jeffrey A.
    The Physical Object
    Pagination47 p. ;
    Number of Pages47
    ID Numbers
    Open LibraryOL22438423M

    Direct interventions can be conducted in two ways: unsterilized and sterilized. In economics, the term sterilization is used as a countermeasure, where the countermeasure may be implemented through the changes in domestic money supply.. An unsterilized intervention implies that a central bank intervenes in the foreign exchange market by buying or selling its own currency without adjusting the. The time is ripe for a re-examination of the question whether foreign exchange intervention can affect the exchange rate. We attempt to isolate two distinct effects: the portfolio effect, whereby Missing: book.

    Does Foreign-Exchange Intervention Matter? The Portfolio Effect. Kathryn Dominguez and Jeffrey Frankel () American Economic Review, , vol. 83, issue 5, Date: References: Add references at CitEc Citations: View citations in EconPapers () Track citations by RSS feed. Downloads: (external link). The relationship between foreign exchange intervention and monetary policy underlies the question of whether sterilized interventions can affect the exchange rate. In this paper, I examine this relationship using data on U.S. foreign exchange interventions from to , recently made publicly by: w Does Foreign Exchange Intervention Matter? Disentangling the Portfolio and Expectations Effects for the Mark Disentangling the Portfolio and Expectations Effects for the Mark National Bureau of Economic Research, Massachusetts Ave., Cambridge, MA ; ; Cited by:

    intervention is reported is generally a matter of “after-the-fact” information that can play no role in the contemporaneous exchange rate response to intervention. By contrast, rumors and speculation of intervention are generally picked up by the newswire the same day they g: book. The official Japanese intervention data consist of daily volumes of intervention operations in the JPY/USD foreign exchange market. Table 1 shows intervention data summary statistics for the zero-interest rate period and two sub-samples. 9 The table shows that Japan intervened in the JPY/USD exchange rate market on a total of days between January and March Does Foreign Exchange Intervention Signal Future Monetary Policy? Graciela Kaminsky, Karen K. Lewis. NBER Working Paper No. Issued in March NBER Program(s):Monetary Economics, International Finance and Macroeconomics A frequently cited explanation for why sterilized interventions may affect exchange rates is that these interventions signal central banks' future monetary policy Cited by:


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Does foreign exchange intervention matter? by Kathryn M. Dominguez Download PDF EPUB FB2

SyntaxTextGen not activatedDoes Foreign-Exchange Intervention Matter? Pdf Portfolio Effect Until recently, there was an unusual de- gree of consensus among economists that intervention by central banks in the foreign-exchange market did not offer an effective or lasting instrument for affecting the exchange rate, at least not independently of monetary g: book.Get this from a library!

Does foreign exchange intervention matter?: disentangling the portfolio and expectations effects download pdf the mark. [Kathryn M Dominguez; Jeffrey A Frankel; National Bureau of Economic Research.] -- The time is ripe for a re-examination of the question whether foreign exchange intervention can affect the exchange rate.

We attempt to isolate two distinct effects: the.Genre/Form: Book: Additional Physical Format: Online version: Dominguez, Kathryn M. Does foreign exchange intervention work?

Washington, DC: Institute for International Economics,