An analysis of recent studies of the effect of foreign exchange intervention
By: by Christopher J. Neely.
Contributors: Federal Reserve Bank of St. Louis.
Series: Working paper ;; 2005-030B; Working paper (Federal Reserve Bank of St. Louis : Online) ;; 2005-030B.
Publisher: Federal Reserve Bank of St. Louis
Published: 2005
Place of publication: [St. Louis, Mo.]
Language: eng
Format: Electronic resource
Subjects: Foreign exchange administration.; Foreign exchange rates.; Banks and banking, Central.
Description: "Two recent strands of research have contributed to our understanding of the effects of foreign exchange intervention: 1) the use of high frequency data; 2) the use of event studies to evaluate the effects of intervention.  This article surveys recent empirical studies of the effect of foreign exchange intervention and analyzes the implicit assumptions and limitations of such work.  After explicitly detailing such drawbacks, the paper suggests ways to better investigate the effects of intervention"--Federal Reserve Bank of St. Louis web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 7/12/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.