Add to ORKGThis paper studies the consequences of having either an interventionist or a non-interventionist central bank in the foreign exchange market, in a market microstructure framework. Although a simple one-period model is used, it allows the characterization of the effect of the central bank intervention on the behaviour of dealers. The model also identifies the conditions for the dealer that acts as the counterpart of the central bank to be better or worse than the other dealers. The price is expected to be more informative with an interventionist central bank
This study reviews the market intervention technique used by central banks for the management of exc...
This paper seeks to contribute to understanding of the efficacy of central bank intervention on the ...
Using high frequency data this paper finds strong evidence that, on average, by creating market unce...
In this article we develop a theoretical microstructure model of coordinated central bank interventi...
This dissertation focuses on the effect of central bank intervention on the exchange rate movements....
Central banks often intervene secretly in the foreign exchange market. This secrecy seems to be at o...
Abstract. Central banks frequently intervene in foreign exchange markets to reduce volatility or to ...
This paper discusses the issue of central banks intervene in foreign exchange markets in order to ac...
We study the impact of sterilized Central Bank interventions on the micro structure of currency mark...
This dissertation explores two type of financial intermediation, namely the central banks and mutual...
The coordination channel has been proposed as a means by which foreign exchange market intervention ...
We test the effectiveness of the interventions performed by the Czech National Bank in the EUR/CZK w...
If strong and persistent misalignments of the exchange rate are caused by non-fundamental influences...
Central banks in developing countries, wanting to devalue the domestic currency, usually intervene i...
It is argued that the theoretical literature on dual exchange markets has completely neglected the f...
This study reviews the market intervention technique used by central banks for the management of exc...
This paper seeks to contribute to understanding of the efficacy of central bank intervention on the ...
Using high frequency data this paper finds strong evidence that, on average, by creating market unce...
In this article we develop a theoretical microstructure model of coordinated central bank interventi...
This dissertation focuses on the effect of central bank intervention on the exchange rate movements....
Central banks often intervene secretly in the foreign exchange market. This secrecy seems to be at o...
Abstract. Central banks frequently intervene in foreign exchange markets to reduce volatility or to ...
This paper discusses the issue of central banks intervene in foreign exchange markets in order to ac...
We study the impact of sterilized Central Bank interventions on the micro structure of currency mark...
This dissertation explores two type of financial intermediation, namely the central banks and mutual...
The coordination channel has been proposed as a means by which foreign exchange market intervention ...
We test the effectiveness of the interventions performed by the Czech National Bank in the EUR/CZK w...
If strong and persistent misalignments of the exchange rate are caused by non-fundamental influences...
Central banks in developing countries, wanting to devalue the domestic currency, usually intervene i...
It is argued that the theoretical literature on dual exchange markets has completely neglected the f...
This study reviews the market intervention technique used by central banks for the management of exc...
This paper seeks to contribute to understanding of the efficacy of central bank intervention on the ...
Using high frequency data this paper finds strong evidence that, on average, by creating market unce...