scholarly journals Is Sterilized Foreign Exchange Intervention Effective After All? An Event Study Approach

2002 ◽  
Author(s):  
Rasmus Fatum ◽  
Michael M. Hutchison
Keyword(s):  
Event Study ◽  
Foreign Exchange ◽  
Foreign Exchange Intervention ◽  
Study Approach ◽  
Sterilized Foreign Exchange Intervention

scholarly journals The Impact of Foreign Exchange Intervention in Colombia. An Event Study Approach

2014 ◽  
pp. 7-31 ◽  
Author(s):  
Juan José Echavarría ◽  
Luis Fernando Melo ◽  
Mauricio Villamizar
Keyword(s):  
Event Study ◽  
Foreign Exchange ◽  
Foreign Exchange Intervention ◽  
Study Approach ◽  
The Impact

scholarly journals The impact of different types of foreign exchange intervention : an event study approach

2013 ◽  
Author(s):  
Juan José Echavarría-Soto ◽  
Luis Fernando Melo-Velandia ◽  
Mauricio Villamizar-Villegas
Keyword(s):  
Event Study ◽  
Foreign Exchange ◽  
Foreign Exchange Intervention ◽  
Study Approach ◽  
Different Types ◽  
The Impact

scholarly journals Efeitos das Intervenções Cambiais à vista na Taxa de Câmbio R$/US$ de 1999 a 2008: Um Estudo de Evento

2010 ◽  
Vol 8 (2) ◽  
pp. 229
Author(s):  
Roberto Meurer ◽  
Felipe Wolk Teixeira ◽  
Eduardo Cardeal Tomazzia
Keyword(s):  
Exchange Rate ◽  
Foreign Exchange ◽  
Foreign Exchange Market ◽  
Foreign Exchange Intervention ◽  
Study Approach ◽  
Rate Acceleration ◽  
Rate Behavior ◽  
The Exchange Rate ◽  
Short Time ◽  
New Criterion

This study analyses interventions in the Brazilian spot foreign exchange market from 1999 to 2008 and their effects on the R$/US$ exchange rate, using an event study approach. It aims to verify if the foreign exchange interventions have any significant impact on the exchange rate behavior. The period was divided according to a MS-VAR model and analyzed with different criterions. The results indicate that prolonged foreign exchange intervention have a greater effect on the exchange rate behavior, in comparison to short time intervention episodes. The results also point to the existence of quickly dissipating effects on the rate behavior. The creation of a new criterion, based on the analysis of exchange-rate acceleration, shows that the exchange rate is mainly prone to accelerate on leaning with the wind purchase intervention episodes.

scholarly journals How Powerful Is Unannounced, Sterilized Foreign Exchange Intervention?

2021 ◽  
Author(s):  
Alain Naef ◽  
Jacob Weber
Keyword(s):  
Exchange Rate ◽  
Money Supply ◽  
Foreign Exchange ◽  
Foreign Exchange Market ◽  
Central Banks ◽  
Exchange Market ◽  
Foreign Exchange Intervention ◽  
Bretton Woods ◽  
Bank Of England ◽  
Sterilized Foreign Exchange Intervention

Though most central banks actively intervene on the foreign exchange market, the literature offers mixed evidence on their effectiveness: particularly for unannounced interventions. We use new, declassified data from the archives of the Bank of England and the institutional features of the Bretton Woods era to estimate the effects of intervention on the exchange rate. We find that a purchase of pounds equivalent to 1% of the money supply causes a statistically significant, 4-5 basis point appreciation in the pound.

Sign in / Sign up

Export Citation Format

Share Document